Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.51
Year-over-Year Change
5.95%
Date Range
1/1/2002 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in the Slovak Republic measures changes in the prices of these goods over time, providing insights into consumer spending patterns and inflation dynamics.
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 CPI component tracks the prices of a basket of alcoholic beverages, tobacco products, and narcotic substances purchased by Slovak consumers. It is a key economic indicator used to monitor cost-of-living changes and guide policymaking.
Methodology
The data is collected through regular surveys of consumer prices across the country.
Historical Context
Trends in this CPI component are analyzed by economists, policymakers, and market participants to assess inflationary pressures and consumer behavior.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics accounts for around 4% of the total Slovak CPI basket.
- Prices in this category have risen at an average annual rate of 3.2% over the past decade.
- Tobacco products make up the largest share of this CPI component, reflecting their significant weight in Slovak consumer spending.
FAQs
Q: What does this economic trend measure?
A: This CPI component measures changes in the prices of alcoholic beverages, tobacco products, and narcotic substances purchased by consumers in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: Trends in this CPI category provide insights into inflationary pressures, consumer spending patterns, and the economic impact of policies affecting the production, distribution, and taxation of these goods.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices across the Slovak Republic.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this CPI component to assess the impact of changes in the prices of alcoholic beverages, tobacco, and narcotics on overall inflation and consumer behavior.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical lag of 2-3 weeks, providing timely information on price trends in this consumer category.
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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 (SVKCP020000IXOBM), retrieved from FRED.