Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Slovakia
GOODS0SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.86
Year-over-Year Change
2.93%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Slovakia measures the price changes of goods, excluding services, in 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
This index is a key indicator of inflation and consumer spending in Slovakia. It provides important insights into the Slovak economy and helps policymakers and analysts understand broader economic trends.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
This index is widely used by the European Central Bank and other institutions to monitor Slovak and Eurozone inflation.
Key Facts
- Covers approximately 60% of the Slovak consumer basket
- Indexed to 2015 = 100
- Published monthly by Eurostat
FAQs
Q: What does this economic trend measure?
A: This index measures the price changes of goods, excluding services, in the Slovak consumer market. It is a key indicator of inflation in the Slovak economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into Slovak consumer spending and broader economic trends, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices in Slovakia.
Q: How is this trend used in economic policy?
A: This index is widely used by the European Central Bank and other institutions to monitor Slovak and Eurozone inflation, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Slovakia (GOODS0SKM086NEST), retrieved from FRED.