Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Slovakia
00XALCSKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.21
Year-over-Year Change
4.52%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Slovakia measures the changes in consumer prices, excluding the volatile prices of alcohol and tobacco, providing a more stable indicator of underlying inflation in the country.
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 is a key economic indicator used by policymakers and analysts to assess price stability and the effectiveness of monetary policy in Slovakia. It excludes the prices of alcohol and tobacco to focus on the broader inflationary trends in the Slovak economy.
Methodology
The data is collected by Eurostat through a harmonized survey of consumer prices across European Union member states.
Historical Context
The index is closely monitored by the European Central Bank and Slovak National Bank to guide their policy decisions.
Key Facts
- The index excludes prices of alcohol and tobacco.
- It provides a more stable measure of underlying inflation.
- The data is collected by Eurostat across the EU.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in consumer prices in Slovakia, excluding the volatile prices of alcohol and tobacco products. It provides a more stable indicator of underlying inflationary trends in the economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key economic indicator used by policymakers and analysts to assess price stability and the effectiveness of monetary policy in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected by Eurostat through a harmonized survey of consumer prices across European Union member states.
Q: How is this trend used in economic policy?
A: The Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Slovakia is closely monitored by the European Central Bank and Slovak National Bank to guide their policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data availability and potential limitations in the survey methodology, but the index is considered a reliable and widely-used measure of underlying inflation in Slovakia.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Slovakia (00XALCSKM086NEST), retrieved from FRED.