Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Slovakia
CP0114SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.36
Year-over-Year Change
7.41%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Milk, Cheese and Eggs in Slovakia measures the price changes of these essential dairy products. This metric is a key indicator of inflation and consumer purchasing power 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Milk, Cheese and Eggs index specifically tracks price movements for these common household goods, providing insight into food cost pressures faced by Slovak consumers.
Methodology
The data is collected through surveys of consumer prices at the retail level across Slovakia.
Historical Context
Policymakers and economists monitor this HICP component to assess overall price stability and the impact on household budgets.
Key Facts
- The HICP tracks price changes for a fixed basket of consumer goods.
- Milk, cheese and eggs account for a significant portion of household food budgets.
- Slovakia joined the Eurozone in 2009, adopting the Euro and HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Milk, Cheese and Eggs measures the changes in retail prices for these essential dairy products in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insight into food price inflation and its impact on consumer purchasing power in the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices at the retail level across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this HICP component to assess overall price stability and the impact on household budgets.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with minimal delay, providing timely insights into Slovak consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Slovakia (CP0114SKM086NEST), retrieved from FRED.