Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Slovakia
CP1231SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.96
Year-over-Year Change
11.23%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Slovakia measures the change in prices of these consumer goods over time. This trend is a key indicator of inflation and consumer purchasing power in the Slovakian 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
The HICP for Jewellery, Clocks and Watches is part of the broader HICP index, which tracks the prices of a representative basket of consumer goods and services across the European Union. This specific sub-index provides insight into price movements within the luxury goods sector in Slovakia.
Methodology
The data is collected through surveys of retail establishments and service providers across Slovakia.
Historical Context
Policymakers and analysts use this HICP sub-index to understand inflationary pressures and consumer behavior in the Slovakian market.
Key Facts
- The base year for the HICP index is 2015.
- Slovakia adopted the Euro currency in 2009.
- Luxury goods can be an indicator of economic well-being.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches measures the change in prices of these luxury consumer goods in Slovakia over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides insight into inflationary pressures and consumer behavior within the luxury goods sector of the Slovakian economy, which is valuable information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to understand inflationary pressures and consumer behavior in the Slovakian luxury goods market, which can inform broader economic policies.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Slovakia (CP1231SKM086NEST), retrieved from FRED.