Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Slovakia
00XE00SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.13
Year-over-Year Change
5.34%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy for Slovakia measures the rate of inflation in Slovakia, excluding volatile energy prices. This important economic indicator helps policymakers assess underlying price pressures 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
The HICP Excluding Energy for Slovakia is a sub-index of the broader HICP, which tracks the average change in prices of a basket of consumer goods and services across the Eurozone. The 'excluding energy' component removes the impact of fluctuating fuel and utility costs to provide a clearer signal of core inflationary trends.
Methodology
The data is collected through surveys of retail prices across Slovakia and calculated by Eurostat.
Historical Context
Central banks and finance ministries use this metric to inform monetary and fiscal policy decisions.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Energy costs account for about 15% of the Slovak consumer price basket.
- The HICP Excluding Energy reached a high of 5.5% in 2022.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy for Slovakia measures the rate of inflation in the country, excluding volatile energy prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clearer signal of core inflationary pressures in the Slovak economy, helping policymakers assess underlying price dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices across Slovakia and calculated by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries use this metric to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP Excluding Energy data for Slovakia is published monthly by Eurostat with a lag of around two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Slovakia (00XE00SKM086NEST), retrieved from FRED.