Consumer Price Index: Housing for Slovak Republic
SVKCPIHOUMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.46
Year-over-Year Change
1.44%
Date Range
1/1/1997 - 5/1/2018
Summary
The Consumer Price Index: Housing for Slovak Republic measures changes in housing costs for consumers in Slovakia. It is a key indicator of inflation and an important metric for policymakers monitoring economic conditions.
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 Consumer Price Index: Housing is a subcomponent of the overall Consumer Price Index (CPI) that specifically tracks changes in the cost of housing, including rents, utilities, and other home-related expenses. It provides valuable insights into the housing market and consumer purchasing power.
Methodology
This index is calculated by the Slovak Statistical Office based on a survey of consumer prices.
Historical Context
The CPI: Housing data is used by the Slovak government and central bank to guide monetary and fiscal policy decisions.
Key Facts
- The CPI: Housing for Slovakia has a base year of 2015.
- Housing accounts for around 22% of the overall Slovak CPI basket.
- The index has risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The CPI: Housing for Slovakia measures changes in the cost of housing, including rents, utilities, and other home-related expenses for consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into housing market conditions and consumer purchasing power, which are important factors for economic policymakers.
Q: How is this data collected or calculated?
A: The index is calculated by the Slovak Statistical Office based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The CPI: Housing data is used by the Slovak government and central bank to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI: Housing data is published monthly with a short lag, providing timely insights into housing market conditions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing for Slovak Republic (SVKCPIHOUMINMEI), retrieved from FRED.