Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Slovakia
00XSEASKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.66
Year-over-Year Change
4.53%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Slovakia is a key economic indicator that measures changes in the general price level of consumer goods and services, excluding volatile food prices, in Slovakia.
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 is part of the Harmonized Index of Consumer Prices (HICP) system, which provides a consistent measure of inflation across European Union member states. It is used by policymakers and analysts to track price stability and inform monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a fixed basket of goods and services.
Historical Context
The HICP index excluding seasonal food is an important tool for the European Central Bank in assessing inflationary pressures and setting appropriate policies.
Key Facts
- The index excludes volatile food prices to provide a more stable measure of underlying inflation.
- Slovakia has been a member of the Eurozone since 2009, making the HICP a crucial indicator for its monetary policy.
- The index is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Slovakia measures changes in the general price level of consumer goods and services, excluding volatile food prices, in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This index is an important tool for policymakers and analysts in assessing inflationary pressures and informing monetary policy decisions in Slovakia and the broader Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a fixed basket of goods and services.
Q: How is this trend used in economic policy?
A: The HICP index excluding seasonal food is a crucial indicator used by the European Central Bank in assessing inflationary pressures and setting appropriate monetary policies for the Eurozone.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, the statistical office of the European Union, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Slovakia (00XSEASKM086NEST), retrieved from FRED.