Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.93
Year-over-Year Change
-19.01%
Date Range
1/1/2003 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in the Slovak Republic measures changes in the prices paid by consumers for these products over time. This key economic indicator provides insights into inflationary pressures and consumer spending patterns.
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 is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index is useful for analyzing trends in consumer demand and preferences within the alcohol, tobacco, and drug product categories.
Methodology
The data is collected through surveys of consumer prices and calculated using a weighted average to reflect consumption patterns.
Historical Context
This index is closely monitored by policymakers and economists to assess the impact of taxes, regulations, and other factors on the affordability and consumption of these products.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in Slovakia has a base year of 1999.
- This index is a component of the overall Consumer Price Index (CPI) for the Slovak Republic.
- Policymakers use this data to assess the impact of taxes and regulations on consumer spending in these product categories.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices paid by consumers in the Slovak Republic for alcoholic beverages, tobacco, and narcotics over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding inflationary pressures, consumer spending patterns, and the impact of government policies on the consumption of these products.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated using a weighted average to reflect consumption patterns.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the impact of taxes, regulations, and other factors on the affordability and consumption of alcoholic beverages, tobacco, and narcotics.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential limitations as the overall Consumer Price Index for the Slovak Republic.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic (SVKCP020000GYQ), retrieved from FRED.