Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Slovak Republic
SVKCPHP0900GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
666.67%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in the Slovak Republic measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural participation. This index is a key indicator of consumer spending patterns and inflationary pressures in the Slovak economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Recreation and Culture CPI is a component of the broader Slovak Consumer Price Index, which tracks the average change in prices paid by consumers for a market basket of goods and services. This subindex focuses specifically on the prices of items like sports equipment, cultural events, books, and recreational travel, providing insight into consumer behavior and discretionary spending.
Methodology
The Slovak Statistical Office collects price data from a sample of retailers and service providers to calculate the Recreation and Culture CPI on a monthly basis.
Historical Context
Policymakers and analysts use this index to assess inflationary trends and consumer demand in the Slovak economy.
Key Facts
- The Recreation and Culture CPI accounts for around 9% of the overall Slovak Consumer Price Index.
- Prices in the Recreation and Culture category rose by 2.5% in the past year.
- Entertainment and cultural events make up the largest share of the Recreation and Culture CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in the Slovak Republic measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural participation.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into consumer spending patterns and inflationary pressures in the Slovak economy, particularly in the discretionary spending category.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a sample of retailers and service providers to calculate the Recreation and Culture CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary trends and consumer demand in the Slovak economy.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI is published monthly with a typical 2-week lag, providing timely data on this component of the broader Slovak consumer price index.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Slovak Republic (SVKCPHP0900GYM), retrieved from FRED.