Harmonized Index of Consumer Prices: Oils and Fats for Slovakia
CP0115SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213.24
Year-over-Year Change
23.29%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Oils and Fats for Slovakia measures changes in the prices of edible oils and fats purchased by Slovak consumers. This indicator provides insights into inflationary pressures and consumer spending patterns within this essential product category.
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 key economic indicator used to track and compare inflation rates across European Union member states. The Oils and Fats component specifically monitors price movements for a basket of common cooking oils, butter, and other fat-based food products consumed in Slovakia.
Methodology
The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP sub-index to assess inflationary dynamics and consumer behavior within the Slovak food market.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Oils and fats account for approximately 2% of the Slovak consumer price index basket.
- The base year for the HICP index is 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Oils and Fats for Slovakia tracks changes in the retail prices of edible oils, fats, and related food products purchased by Slovak consumers.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides important insights into inflationary pressures and consumer spending patterns within a key food category, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to assess inflationary dynamics and consumer behavior within the Slovak food market, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for Slovakia (CP0115SKM086NEST), retrieved from FRED.