Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Slovak Republic
SVKCP020000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.26
Year-over-Year Change
14348.96%
Date Range
4/1/2002 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in the Slovak Republic measures changes in prices for these consumer goods over time. It is a key indicator of inflationary pressures in this sector of 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 CPI for Alcoholic Beverages, Tobacco and Narcotics tracks the average change in prices paid by consumers in the Slovak Republic for a basket of goods in this category. It is used by economists and policymakers to assess cost-of-living changes and broader trends in consumer prices.
Methodology
The data is collected through surveys of retail establishments and households by the Slovak Statistical Office.
Historical Context
The CPI for this category can inform fiscal, monetary, and regulatory policies related to alcohol, tobacco, and narcotics in Slovakia.
Key Facts
- The CPI for this category has a base year of 2015.
- Alcoholic beverages make up the largest share of this index.
- Prices in this category tend to be less volatile than overall consumer prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in consumer prices for alcoholic beverages, tobacco products, and narcotics in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: The CPI for this category is an important indicator of inflationary pressures and cost-of-living changes in Slovakia, particularly for these consumer goods.
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: The CPI for Alcoholic Beverages, Tobacco and Narcotics can inform fiscal, monetary, and regulatory policies related to these products in Slovakia.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the index may not capture all informal or unregulated economic activity in this sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Slovak Republic (SVKCP020000GPQ), retrieved from FRED.