Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Slovak Republic
SVKCP010000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225.50
Year-over-Year Change
7.79%
Date Range
1/1/1990 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in the Slovak Republic measures changes in the prices of these essential consumer goods over time. This index is a key indicator of cost-of-living and inflation trends in the country.
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 in Slovakia tracks the prices of a basket of common food and beverage items. It is used to assess the affordability of these necessities for households and monitor overall price stability in the national economy.
Methodology
The data is collected through regular surveys of retail prices across the country.
Historical Context
This index provides important input for policymakers and analysts monitoring economic conditions and the impacts of inflation.
Key Facts
- The CPI for Food and Non-Alcoholic Beverages accounts for over 17% of the total CPI in Slovakia.
- Food price inflation has exceeded overall CPI growth in the country since 2021.
- Households in the lowest income quintile spend over 30% of their budgets on food and non-alcoholic beverages.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in the Slovak Republic tracks changes in the prices of these essential consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of cost-of-living and inflation trends, providing important insights for policymakers and analysts monitoring economic conditions in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices across the country.
Q: How is this trend used in economic policy?
A: The CPI for Food and Non-Alcoholic Beverages in Slovakia is used by policymakers and analysts to assess the affordability of these necessities for households and monitor overall price stability in the national economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Slovak Republic (SVKCP010000IXNBM), retrieved from FRED.