Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Slovakia
CP1111SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192.66
Year-over-Year Change
9.40%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Restaurants, Cafes and the Like in Slovakia measures changes in the prices paid by consumers for a representative basket of food service goods and services. This metric is a key indicator of inflation and consumer spending trends in the Slovak service sector.
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 Restaurants, Cafes and the Like in Slovakia is a subindex of the broader HICP, which tracks price changes across a variety of consumer goods and services. This sectoral index provides insight into inflationary pressures and consumer behavior specifically within the food service industry.
Methodology
The data is collected through surveys of retail establishments and calculated using a weighted average of price changes.
Historical Context
Central banks and economic policymakers closely monitor HICP data to inform monetary and fiscal policies.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Food service accounts for over 10% of consumer spending in Slovakia.
- HICP data is harmonized across the European Union for comparability.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Restaurants, Cafes and the Like in Slovakia measures changes in the prices paid by consumers for food service goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and consumer behavior specifically within the Slovak food service industry, which is an important component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Central banks and economic policymakers closely monitor HICP data to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Slovakia (CP1111SKM086NEST), retrieved from FRED.