Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for Slovakia
CP0933SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.43
Year-over-Year Change
7.86%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for Slovakia measures the price changes of garden products, plants, and flowers purchased by Slovak consumers. This index is a key indicator of inflation and consumer spending in the horticulture sector.
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 Harmonized Index of Consumer Prices (HICP) is a standardized metric used across the European Union to track and compare consumer price inflation. The gardens, plants, and flowers segment represents a specific category within the broader HICP index, providing insight into price dynamics in the Slovak horticulture market.
Methodology
The data is collected through regular surveys of prices paid by Slovak consumers for a representative basket of garden and floral products.
Historical Context
Policymakers and analysts use this HICP sub-index to assess inflationary pressures and consumer demand in the Slovak horticulture industry.
Key Facts
- The index has a base year of 2015 = 100.
- Slovakia joined the Eurozone in 2009.
- Horticulture accounts for over 2% of Slovakia's agricultural output.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for Slovakia measures the price changes of garden products, plants, and flowers purchased by Slovak consumers.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides important insights into inflationary pressures and consumer demand in the Slovak horticulture industry, which is a key sector of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices paid by Slovak consumers for a representative basket of garden and floral products.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to assess inflationary pressures and consumer demand in the Slovak horticulture industry, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for Slovakia (CP0933SKM086NEST), retrieved from FRED.