Consumer Price Index: Total Food Excluding Restaurants for the Slovak Republic
CPGDFD02SKM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-118.90%
Date Range
2/1/1990 - 5/1/2018
Summary
The Consumer Price Index: Total Food Excluding Restaurants for the Slovak Republic measures changes in the prices of food items purchased for home consumption, excluding restaurant meals, in the Slovak Republic.
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
This index is a key indicator of inflationary pressures in the Slovak food market, excluding the service component of dining out. It is used by policymakers, economists, and analysts to assess the overall cost of living and consumer purchasing power in the country.
Methodology
The data is collected through a nationwide survey of retail prices.
Historical Context
The index is referenced by the Slovak National Bank and other institutions when evaluating monetary and fiscal policies.
Key Facts
- The index has a base year of 2015.
- It covers over 200 food items in the Slovak consumer basket.
- Prices are collected from a sample of 3,000 retail outlets nationwide.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of food items purchased for home consumption, excluding restaurant meals, in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Slovak food market, providing insights into consumer purchasing power and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices.
Q: How is this trend used in economic policy?
A: The index is referenced by the Slovak National Bank and other institutions when evaluating monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Food Excluding Restaurants for the Slovak Republic (CPGDFD02SKM657N), retrieved from FRED.