Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCPHP0200IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.50
Year-over-Year Change
5.93%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Slovakia measures changes in the prices paid by consumers for these goods over time. It is a key indicator of inflationary trends and consumer spending patterns.
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 overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the price changes in that particular product category, providing insight into a crucial component of household expenditures.
Methodology
The data is collected through regular surveys of retail prices by the Statistical Office of the Slovak Republic.
Historical Context
This CPI trend is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer behavior.
Key Facts
- The base year for this CPI series is 2015.
- Alcoholic beverages, tobacco and narcotics account for about 5% of the total consumer expenditure basket in Slovakia.
- The CPI for this category has risen by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices paid by consumers in Slovakia for alcoholic beverages, tobacco, and narcotics over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a key component of household spending and inflationary pressures in the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through regular retail price surveys by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this CPI trend to assess consumer behavior and inflationary dynamics in Slovakia.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical lag of 2-3 weeks.
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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 (SVKCPHP0200IXOBM), retrieved from FRED.