Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Slovak Republic
SVKCPHP0200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.01
Year-over-Year Change
7.27%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) measures changes in the prices of these products in the Slovak Republic.
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
This index tracks the price levels of alcoholic beverages, tobacco, and narcotics in Slovakia, providing insights into consumer spending and inflation trends in these specific product categories.
Methodology
The data is collected through consumer surveys and retail price monitoring by the Slovak Statistical Office.
Historical Context
Policymakers and analysts use this index to understand consumer behavior and assess inflationary pressures in the Slovak economy.
Key Facts
- This index is part of the Harmonized Index of Consumer Prices (HICP) framework used across the European Union.
- Alcoholic beverages, tobacco, and narcotics account for a significant portion of household budgets in Slovakia.
- The index is published monthly by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of alcoholic beverages, tobacco, and narcotics in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending and inflationary pressures in specific product categories, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand consumer behavior and assess inflationary pressures in the Slovak economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Slovak Republic (SVKCPHP0200IXEBM), retrieved from FRED.