Harmonized Index of Consumer Prices: Meat for Slovakia
CP0112SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.77
Year-over-Year Change
-0.46%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Meat in Slovakia measures the change in prices of meat products purchased by Slovak consumers. This metric is a key indicator of inflation and consumer spending trends.
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 for Meat in Slovakia is a component of the overall HICP, which tracks the average change in prices of a basket of consumer goods and services across the European Union. The Meat subindex provides insight into price dynamics for a major household expenditure category.
Methodology
The data is collected through regular surveys of retail establishments in Slovakia.
Historical Context
The HICP for Meat in Slovakia is used by policymakers and analysts to assess inflationary pressures and consumer behavior.
Key Facts
- The HICP for Meat in Slovakia is updated monthly.
- Meat accounts for approximately 8% of the total Slovak HICP basket.
- Prices for meat products have risen 3.2% over the past year in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Meat in Slovakia measures the change in prices of meat products purchased by Slovak consumers.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Meat is a key indicator of inflationary pressures and consumer spending trends in Slovakia, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments in Slovakia.
Q: How is this trend used in economic policy?
A: The HICP for Meat in Slovakia is used by policymakers and analysts to assess inflationary pressures and consumer behavior, informing economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Meat in Slovakia is updated monthly, with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for Slovakia (CP0112SKM086NEST), retrieved from FRED.