Producer Prices Index: Economic Activities: Energy: Domestic for Slovak Republic
SVKPIEAEN02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.68
Year-over-Year Change
2309.95%
Date Range
1/1/2004 - 10/1/2022
Summary
The Producer Prices Index: Economic Activities: Energy: Domestic for Slovak Republic measures changes in the prices received by domestic producers of energy products in Slovakia. This metric is a key indicator of inflationary pressures and cost-of-living trends 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
The Producer Prices Index (PPI) tracks the average change in sale prices for domestic producers across various economic sectors. The Energy component specifically focuses on price movements for energy-related goods and services, providing insights into the costs faced by businesses and consumers.
Methodology
The data is collected through surveys of producers and compiled by the Statistical Office of the Slovak Republic.
Historical Context
The PPI Energy index is closely monitored by policymakers, economists, and market analysts to assess the state of the Slovak economy and inflationary dynamics.
Key Facts
- The index uses 2015 as the base year.
- Energy accounts for approximately 10% of the overall Slovak PPI.
- Producer prices for energy have risen over 20% in the past year.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Energy: Domestic for Slovak Republic measures changes in the prices received by domestic producers of energy products in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and cost-of-living trends in the Slovak economy, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and compiled by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The PPI Energy index is closely monitored by policymakers, economists, and market analysts to assess the state of the Slovak economy and inflationary dynamics.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a relatively short delay, providing timely insights into producer price trends.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Energy: Domestic for Slovak Republic (SVKPIEAEN02GYQ), retrieved from FRED.