Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic
SVKCPHP0100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.84
Year-over-Year Change
3.17%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Slovakia measures changes in the prices of food and non-alcoholic beverage items consumed by households. This key economic indicator helps assess cost-of-living and inflationary pressures.
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 Food and Non-Alcoholic Beverages tracks the prices of a basket of food and non-alcoholic drink products that are representative of typical Slovak household consumption. It is a widely used metric for evaluating consumer price trends and informing monetary policy decisions.
Methodology
The data is collected through regular surveys of retail prices across Slovakia.
Historical Context
Policymakers and analysts closely monitor this CPI component to gauge domestic inflationary dynamics and consumer purchasing power.
Key Facts
- Slovakia's CPI for Food and Non-Alcoholic Beverages has a base year of 2015.
- Food and non-alcoholic drinks account for over 17% of the Slovak consumer price basket.
- This CPI is reported on a monthly basis by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages tracks changes in the retail prices of food and drink items purchased by Slovak households.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflationary pressures and consumer purchasing power in Slovakia, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of food and non-alcoholic beverage items across retail outlets in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI metric to assess domestic inflation and cost-of-living dynamics, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Slovakia is reported on a monthly basis with minimal publication delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic (SVKCPHP0100IXOBM), retrieved from FRED.