Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCP020000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-21.52%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in the Slovak Republic measures changes in the prices paid by consumers for these products. It is a key economic indicator used to track inflation and guide monetary policy decisions.
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 Alcoholic Beverages, Tobacco and Narcotics is part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of consumer price inflation in the European Union. It represents a specific category of goods and services that are monitored to assess the overall cost of living in the Slovak Republic.
Methodology
The data is collected through regular price surveys of a representative basket of consumer goods and services.
Historical Context
Central banks and policymakers closely monitor consumer price trends to make informed decisions about monetary and fiscal policies.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in the Slovak Republic has a base year of 1999.
- This index is a component of the overall Consumer Price Index, which is a key measure of inflation.
- Policymakers use this data to monitor changes in consumer spending patterns and the cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices paid by consumers for alcoholic beverages, tobacco, and narcotics in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of inflation and consumer spending patterns, which are important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use this data to inform monetary and fiscal policy decisions, as changes in consumer prices can have significant implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to regular updates, but there may be some delays in the publication of the most recent figures.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic (SVKCP020000CTGYM), retrieved from FRED.