Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Slovakia
CP0118SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.40
Year-over-Year Change
1.64%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Sugar, Jam, Honey, Chocolate and Confectionery in Slovakia measures price changes over time for these key consumer goods. This metric is crucial for economists and policymakers to track inflationary pressures within the Slovak consumer market.
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 HICP is a standardized measure of consumer price inflation across European Union countries. The Sugar, Jam, Honey, Chocolate and Confectionery index specifically tracks price fluctuations for these essential food and confectionery items in the Slovak consumer basket, providing insights into broader trends in household spending and the state of the Slovak economy.
Methodology
The data is collected through regular surveys of retail prices by the Slovak Statistical Office.
Historical Context
The HICP is a key indicator used by the European Central Bank and national governments to inform monetary and fiscal policy decisions.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Chocolate and confectionery account for a significant portion of Slovak household budgets.
- The HICP is calculated using a harmonized methodology across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Sugar, Jam, Honey, Chocolate and Confectionery in Slovakia measures price changes over time for these key consumer goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into inflationary pressures and consumer spending patterns within the Slovak economy, which is essential information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: The HICP is a key indicator used by the European Central Bank and national governments to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with a short lag period to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Slovakia (CP0118SKM086NEST), retrieved from FRED.