Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCPHP0200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
-28.92%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in the Slovak Republic measures changes in the prices of these goods and services over time. This key economic indicator provides insights into consumer spending patterns and inflation trends.
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 broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index helps economists and policymakers monitor inflation pressures within the alcohol, tobacco, and narcotics sectors of the Slovak economy.
Methodology
The Slovak Statistical Office collects price data from a sample of retail outlets to calculate this CPI subindex.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to inform monetary policy decisions and macroeconomic analysis in Slovakia.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics is a subindex of the broader Slovak Consumer Price Index.
- This index tracks price changes in a specific basket of goods and services related to alcohol, tobacco, and narcotics.
- The CPI for Alcoholic Beverages, Tobacco and Narcotics is an important indicator of inflationary pressures in these consumer sectors.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices of these goods and services in the Slovak Republic over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into consumer spending patterns and inflation pressures within the alcohol, tobacco, and narcotics sectors of the Slovak economy, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a sample of retail outlets to calculate this CPI subindex.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to inform monetary policy decisions and macroeconomic analysis in Slovakia.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or revisions that users should be aware of when interpreting this economic indicator.
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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 (SVKCPHP0200GYM), retrieved from FRED.