Harmonized Index of Consumer Prices: Restaurants and Hotels for Slovakia
CP1100SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.52
Year-over-Year Change
9.47%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Restaurants and Hotels in Slovakia measures the price changes in the restaurant and hotel sector, providing insights into inflation trends in the country's service economy.
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
This index is a key indicator of consumer price inflation, reflecting the costs faced by Slovak households when dining out or staying in hotels. It is used by policymakers and analysts to understand broader economic conditions and guide fiscal and monetary policy decisions.
Methodology
The data is collected through surveys of businesses and consumers by Slovakia's national statistical agency.
Historical Context
The Restaurants and Hotels index is one component of the overall Harmonized Index of Consumer Prices, which is the standard measure of inflation in the European Union.
Key Facts
- The index has a base year of 2015 = 100.
- Restaurants and hotels account for around 10% of the Slovak consumer price basket.
- Inflation in this sector can impact consumer confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Restaurants and Hotels in Slovakia measures the price changes for dining out and hotel stays, a key component of consumer inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures in Slovakia's service sector, which is crucial for understanding broader economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by Slovakia's national statistical agency.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels index is a component of the Harmonized Index of Consumer Prices, which is the standard measure of inflation used by policymakers in the European Union to guide fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Slovakia (CP1100SKM086NEST), retrieved from FRED.