Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Slovakia
CP0540SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.28
Year-over-Year Change
3.14%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Glassware, Tableware and Household Utensils in Slovakia measures changes in the retail prices of these household items. This index is a key indicator of consumer spending and inflationary pressures 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 across European Union countries. The Glassware, Tableware and Household Utensils index specifically tracks the prices of these durable household goods, providing insights into consumer demand and purchasing power.
Methodology
This index is calculated based on a survey of retail prices collected by the Slovak Statistical Office.
Historical Context
Policymakers and economists use this index to assess the strength of consumer spending and inflationary trends in the Slovak market.
Key Facts
- The base year for this index is 2015 = 100.
- Slovakia joined the Eurozone in 2009.
- Household durable goods account for a significant portion of consumer spending.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the retail prices of glassware, tableware, and other household utensils in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer demand and inflationary pressures for a key category of household goods, which is important for understanding the overall strength of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess consumer spending patterns and inflationary trends, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short lag, providing timely data on this aspect of consumer prices in Slovakia.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Slovakia (CP0540SKM086NEST), retrieved from FRED.