Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic
SVKCP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.17
Year-over-Year Change
450.68%
Date Range
1/1/1991 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in the Slovak Republic measures changes in prices paid by consumers for this essential household expenditure category.
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 CPI for Food and Non-Alcoholic Beverages is a key component of the overall Consumer Price Index, which is the primary measure of inflation in the Slovak economy. This indicator provides valuable insights into consumer purchasing power and cost-of-living trends.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and economists closely monitor this CPI component to gauge inflationary pressures and guide fiscal and monetary policy decisions.
Key Facts
- The base year for this index is 2015.
- Food and non-alcoholic beverages account for around 17% of the Slovak consumer price basket.
- This CPI component saw an annual increase of 5.2% as of the most recent data.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures the change in prices paid by consumers in the Slovak Republic for food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a crucial indicator of inflationary pressures and consumer purchasing power in the Slovak economy, informing policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by the statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI component to gauge inflation and guide monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 weeks.
Related Trends
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Slovak Republic
SVKFCLODCHXDC
Residential Property Prices for Slovakia
QSKN628BIS
Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Slovak Republic
LFAC25TTSKA647N
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 24 Years for Slovak Republic
LFUN24FESKA647S
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Slovakia
DDDI04SKA156NWDB
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Slovak Republic
SVKFCLODCGGDPPT
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic (SVKCP010000GYM), retrieved from FRED.