Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic
SVKCPHP1200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.99
Year-over-Year Change
6.99%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic measures price changes for a broad basket of miscellaneous consumer goods and services in Slovakia. This key indicator helps economists and policymakers assess overall 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
This index tracks the prices of a representative sample of miscellaneous goods and services purchased by Slovak consumers, including personal care, financial services, insurance, and other non-essential expenditures. It is a critical component of the broader Consumer Price Index and a key input for monetary policy decisions.
Methodology
The data is collected through regular surveys of retail establishments and service providers across Slovakia.
Historical Context
Policymakers at the National Bank of Slovakia closely monitor this index to help guide interest rate and other macroeconomic policies.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Miscellaneous goods and services account for around 13% of the Slovak consumer price basket.
- The National Bank of Slovakia targets 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures price changes for a basket of miscellaneous consumer goods and services in Slovakia, including personal care, financial services, and other non-essential expenditures.
Q: Why is this trend relevant for users or analysts?
A: This index is a critical component of the broader Consumer Price Index and helps economists and policymakers assess overall inflationary pressures in the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers at the National Bank of Slovakia closely monitor this index to help guide interest rate and other macroeconomic policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic (SVKCPHP1200IXEBM), retrieved from FRED.