Harmonized Index of Consumer Prices: Fruit for Slovakia
CP0116SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.10
Year-over-Year Change
7.62%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Fruit for Slovakia measures the average change in prices paid by consumers for a basket of fruit products in Slovakia. This metric is a key indicator of inflation and consumer purchasing power in the Slovak economy.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union member states. The fruit index specifically tracks price changes for a representative basket of fresh and processed fruit items purchased by Slovak households.
Methodology
The data is collected through ongoing consumer surveys and retail price monitoring by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and analysts use this HICP fruit index to assess inflationary pressures and inform monetary and fiscal policies.
Key Facts
- The HICP Fruit index uses 2015 as its base year.
- Fruit accounts for around 3% of the total Slovak consumer price basket.
- Prices are collected from a sample of 3,000 retail outlets across Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Fruit for Slovakia measures the average change in retail prices for a basket of fruit products purchased by Slovak consumers.
Q: Why is this trend relevant for users or analysts?
A: This fruit-specific HICP index provides valuable insights into inflationary pressures and consumer purchasing power within the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through ongoing consumer surveys and retail price monitoring by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP fruit index to assess inflationary pressures and inform monetary and fiscal policies in Slovakia.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fruit for Slovakia (CP0116SKM086NEST), retrieved from FRED.