Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Slovak Republic
SVKCPHP1000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Slovak Republic measures changes in the prices of educational goods and services in Slovakia. This metric is important for economists and policymakers to track inflationary pressures and the cost of living.
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 index tracks the prices of a basket of educational goods and services in Slovakia, including tuition, fees, and other educational expenses. It is a key indicator of inflation and a component of the overall consumer price index for the country.
Methodology
The data is collected through surveys of households and businesses on a monthly basis.
Historical Context
Education spending is a critical component of household budgets and an important policy consideration.
Key Facts
- Education accounts for around 2% of the consumer price index in Slovakia.
- Prices for education have risen faster than overall inflation in Slovakia over the past decade.
- The education component of the CPI is watched closely by the Slovak government for policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of educational goods and services in Slovakia, including tuition, fees, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for tracking inflationary pressures and the cost of living, as education is a significant component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of households and businesses in Slovakia.
Q: How is this trend used in economic policy?
A: The education component of the CPI is closely monitored by the Slovak government for policy decisions related to the cost of living and household spending.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insight into educational price trends in Slovakia.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Slovak Republic (SVKCPHP1000GPM), retrieved from FRED.