Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic
SVKCPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.86
Year-over-Year Change
44.28%
Date Range
1/1/1991 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Slovakia measures changes in the prices of consumer goods and services purchased by households. It serves as a key indicator of inflation, which is crucial for policymakers and economists to assess the state of the 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 CPI for Slovakia is based on the Classification of Individual Consumption by Purpose (COICOP) and tracks price movements across a comprehensive basket of consumer items. It is an important metric used to monitor price stability, guide monetary policy decisions, and inform cost-of-living adjustments.
Methodology
The data is collected through surveys of prices paid by consumers at retail outlets and service providers across the country.
Historical Context
The Slovak CPI is closely watched by the European Central Bank and domestic policymakers to help formulate effective economic and monetary policies.
Key Facts
- The base year for the Slovak CPI is 2015.
- Inflation in Slovakia averaged 2.3% from 2010 to 2022.
- The CPI is published monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Slovakia measures changes in the prices of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The Slovak CPI is a key indicator of inflation, which is crucial for policymakers and economists to assess the state of the economy and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at retail outlets and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: The Slovak CPI is closely watched by the European Central Bank and domestic policymakers to help formulate effective economic and monetary policies.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the Statistical Office of the Slovak Republic with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic (SVKCPIALLAINMEI), retrieved from FRED.