Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Slovakia
00XFROSKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.58
Year-over-Year Change
-0.31%
Date Range
1/1/1996 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-of-Pocket Purchases for Slovakia measures the cost of a representative basket of goods and services, excluding volatile price categories like energy and unprocessed food.
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 Frequent Out-of-Pocket Purchases is a key economic indicator used to assess inflation trends in Slovakia and across the Eurozone. It provides a more stable, underlying measure of price changes compared to the headline HICP.
Methodology
The data is collected by the Slovak Statistical Office through household surveys and vendor reporting.
Historical Context
Central banks and policymakers monitor this index to guide monetary policy and assess price stability.
Key Facts
- The index excludes energy, food, alcohol, and tobacco to provide a more stable measure of underlying inflation.
- Slovakia joined the Eurozone in 2009, aligning its inflation metrics with the Harmonized Index of Consumer Prices.
- The HICP Excluding Frequent Out-of-Pocket Purchases is published monthly by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the change in consumer prices in Slovakia, excluding volatile categories like energy and unprocessed food, to provide a more stable gauge of underlying inflation.
Q: Why is this trend relevant for users or analysts?
A: The HICP Excluding Frequent Out-of-Pocket Purchases is a key metric used by central banks and policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Statistical Office through household surveys and vendor reporting.
Q: How is this trend used in economic policy?
A: Central banks and policymakers monitor this index to gauge underlying inflation and make informed decisions on monetary policy for the Eurozone and Slovakia.
Q: Are there update delays or limitations?
A: The HICP Excluding Frequent Out-of-Pocket Purchases data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Slovakia (00XFROSKM086NEST), retrieved from FRED.