Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Slovakia
00XEFDSKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.97
Year-over-Year Change
5.85%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Slovakia measures the inflation rate in the country's consumer prices, excluding volatile components.
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, Food, Alcohol, and Tobacco is a key indicator used by economists and policymakers to assess underlying inflationary pressures in the Slovak economy. It provides a more stable measure of price changes compared to the headline HICP.
Methodology
The data is collected through consumer price surveys and calculated by Eurostat.
Historical Context
This index helps the European Central Bank and Slovak government evaluate monetary and fiscal policies.
Key Facts
- Slovakia joined the Eurozone in 2009.
- The HICP Excluding Energy, Food, Alcohol, and Tobacco accounts for around 70% of the total Slovak consumer basket.
- This index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices Excluding Energy, Food, Alcohol, and Tobacco measures the inflation rate in Slovakia's consumer prices, excluding the most volatile components.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable and reliable indicator of underlying inflationary pressures in the Slovak economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Excluding Energy, Food, Alcohol, and Tobacco helps the European Central Bank and Slovak government evaluate monetary and fiscal policies to maintain price stability.
Q: Are there update delays or limitations?
A: This index is published monthly by Eurostat, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Slovakia (00XEFDSKM086NEST), retrieved from FRED.