Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Slovak Republic
SVKCPHP1100IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.32
Year-over-Year Change
10.11%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Slovak Republic measures changes in the prices paid by consumers for meals, beverages, and accommodation services in Slovakia.
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 economic indicator tracks the price movements of a basket of goods and services related to dining and lodging in Slovakia, providing insight into the cost of living and inflationary pressures in the country's hospitality sector.
Methodology
The data is collected through a national survey of consumer expenditures and prices.
Historical Context
This index is used by policymakers and economists to assess trends in consumer spending and inflation within the Slovak Republic.
Key Facts
- The base year for this index is 2015.
- Restaurants and hotels account for approximately 11% of the Slovak consumer price basket.
- The index has shown steady increases since 2020, reflecting rising costs in the hospitality sector.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by consumers for meals, beverages, and accommodation services in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and the cost of living in the Slovak hospitality sector, which is an important component of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess trends in consumer spending and inflation within the Slovak Republic.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Slovak Republic (SVKCPHP1100IXEBM), retrieved from FRED.