Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Slovak Republic
SVKCPHP0900IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.65
Year-over-Year Change
3.17%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Recreation and Culture (COICOP 09) in the Slovak Republic measures changes in the prices of goods and services related to recreational activities and cultural participation.
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
This CPI index tracks price fluctuations across a basket of consumer goods and services associated with leisure, entertainment, and cultural experiences in Slovakia. It is a key indicator used by economists and policymakers to monitor inflation and cost-of-living trends.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
CPI trends provide valuable insights for central banks, governments, and businesses as they develop economic policies and make investment decisions.
Key Facts
- The CPI for Recreation and Culture in Slovakia has a base year of 2015.
- This index is part of the Harmonized Index of Consumer Prices (HICP) system used across the European Union.
- Monitoring recreation and culture prices helps assess changes in consumer purchasing power and quality of life.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of goods and services related to recreational activities, entertainment, and cultural participation in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This CPI index is a key indicator used by economists and policymakers to monitor inflation and cost-of-living trends, which inform economic policies and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: CPI trends provide valuable insights for central banks, governments, and businesses as they develop economic policies and make investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the Harmonized Index of Consumer Prices (HICP) system used across the European Union.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Slovak Republic (SVKCPHP0900IXEBM), retrieved from FRED.