Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Slovakia
CP0934SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.35
Year-over-Year Change
6.62%
Date Range
12/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets measures inflation in the pet care sector in Slovakia. This metric is important for analyzing consumer spending patterns and cost-of-living dynamics.
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 Pets and Related Products; Veterinary and Other Services for Pets is a component of the overall HICP, which tracks the weighted average change in consumer prices for a basket of goods and services. This pet-specific index provides insight into inflationary pressures and consumer behaviors within the pet care industry.
Methodology
The data is collected through surveys of consumer prices by Eurostat, the statistical office of the European Union.
Historical Context
This index helps policymakers and analysts assess the state of the Slovak consumer economy and make informed decisions.
Key Facts
- Slovakia's pet care inflation rate was 3.2% in 2022.
- Veterinary services make up the largest component of the Slovak pet care HICP.
- The pet care HICP has risen faster than the overall HICP in Slovakia over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets measures inflation in the pet care sector in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and consumer behaviors within the pet care industry, which is important for analyzing consumer spending patterns and cost-of-living dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This index helps policymakers and analysts assess the state of the Slovak consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Slovakia (CP0934SKM086NEST), retrieved from FRED.