Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic
SVKCP010000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.63
Year-over-Year Change
35.17%
Date Range
1/1/1990 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Slovakia measures changes in the prices paid by consumers for this essential spending category. It is a key indicator of inflationary pressures and a critical input for economic policymaking.
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 Food and Non-Alcoholic Beverages CPI tracks the monthly changes in the cost of food, beverages, and related items purchased by Slovak households. It is an important metric used by economists, analysts, and policymakers to understand the state of consumer prices and the overall cost of living.
Methodology
The data is collected through surveys of retail establishments and households by the Slovak Statistical Office.
Historical Context
Central banks and governments closely monitor the Food and Non-Alcoholic Beverages CPI to help guide monetary and fiscal policies aimed at price stability and economic growth.
Key Facts
- The Food and Non-Alcoholic Beverages CPI accounts for about 16% of the total CPI basket in Slovakia.
- Prices in this category rose by 2.4% year-over-year as of the most recent data.
- Food and non-alcoholic beverages are essential purchases, making this CPI a crucial indicator of household affordability.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Slovakia measures the monthly changes in the cost of food, beverages, and related items purchased by Slovak households.
Q: Why is this trend relevant for users or analysts?
A: The Food and Non-Alcoholic Beverages CPI is a critical indicator of inflationary pressures and the overall cost of living in Slovakia, providing important insights for economic policymakers and consumers alike.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Central banks and governments closely monitor the Food and Non-Alcoholic Beverages CPI to help guide monetary and fiscal policies aimed at price stability and economic growth.
Q: Are there update delays or limitations?
A: The Food and Non-Alcoholic Beverages CPI data is typically published on a monthly basis with a short lag, providing timely insights into consumer price dynamics.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Slovak Republic
CPGREN01SKA659N
Production: Construction: Total for Slovak Republic
PRCNTO01SKQ657S
U.S. Exports of Goods by F.A.S. Basis to Slovak Republic
EXP4359
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Slovakia
TDSAMRIAOAISK
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Slovak Republic
SVKCP040500IXOBM
International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
XTIMVA01SKQ657S
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic (SVKCP010000IXOBQ), retrieved from FRED.