Harmonized Index of Consumer Prices: Alcoholic Beverages for Slovakia
CP0210SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.52
Year-over-Year Change
6.55%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Alcoholic Beverages in Slovakia measures the changes in prices paid by consumers for alcoholic drinks. This indicator provides insight into inflationary pressures and consumer spending habits within the alcoholic beverages 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 for Alcoholic Beverages in Slovakia is a key economic indicator used to track inflation and consumer behavior. It is part of the broader HICP, which measures the changes in the prices of a fixed basket of goods and services purchased by households across the Eurozone.
Methodology
The data is collected through surveys of retail prices across Slovakia and aggregated to calculate the index.
Historical Context
Policymakers and analysts use this data to assess inflationary trends and consumer demand within the alcoholic beverages sector.
Key Facts
- Slovakia's HICP for Alcoholic Beverages has a base year of 2015.
- The index reached its highest point in December 2022 at 118.78.
- Alcoholic beverages account for approximately 4% of the total HICP basket in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Alcoholic Beverages in Slovakia measures the changes in prices paid by consumers for alcoholic drinks, such as beer, wine, and spirits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into inflationary pressures and consumer spending habits within the alcoholic beverages market, which is important for policymakers and analysts assessing the overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices across Slovakia and aggregated to calculate the index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess inflationary trends and consumer demand within the alcoholic beverages sector, which can inform economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Alcoholic Beverages for Slovakia (CP0210SKM086NEST), retrieved from FRED.