Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic
SVKPITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.21
Year-over-Year Change
40.66%
Date Range
2/1/2003 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic measures price changes of consumer goods at the producer level in Slovakia. This key economic indicator provides insights into inflationary pressures and producer-level activity.
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 wholesale prices received by producers of consumer goods in Slovakia. It is used by policymakers, economists, and businesses to gauge price dynamics, producer profitability, and broader economic conditions within the Slovak consumer goods sector.
Methodology
The data is collected through surveys of Slovak producers and calculated as a weighted index by the Slovak Statistical Office.
Historical Context
This producer price index is closely monitored by the National Bank of Slovakia and other institutions to inform macroeconomic policy decisions.
Key Facts
- Tracks wholesale prices of consumer goods in Slovakia.
- Used to assess producer-level inflation and economic conditions.
- Calculated monthly by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic measures the wholesale prices received by producers of consumer goods in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures, producer profitability, and overall economic conditions within the Slovak consumer goods sector, making it a key indicator for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Slovak producers and calculated as a weighted index by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: The Producer Prices Index for Slovak consumer goods is closely monitored by the National Bank of Slovakia and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Slovak Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic (SVKPITGCG01GPM), retrieved from FRED.