Consumer Price Index: Food for Slovak Republic
SVKCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.38
Year-over-Year Change
27.70%
Date Range
1/1/1990 - 1/1/2017
Summary
The Consumer Price Index: Food for Slovak Republic measures the changes in the prices of food and non-alcoholic beverages purchased by Slovak consumers. It is a key indicator of inflation and consumer spending patterns.
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: Food for Slovak Republic is a subcomponent of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. The food index is particularly important for understanding trends in household budgets and overall cost of living.
Methodology
The data is collected through regular surveys of retail prices by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and analysts use this index to inform decisions on monetary policy, social programs, and other economic interventions.
Key Facts
- The food index is a major component of the overall CPI in Slovakia.
- Food prices are a key driver of household budgets and consumer spending.
- Changes in the food index can influence central bank monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Food for Slovak Republic measures the changes in the prices of food and non-alcoholic beverages purchased by consumers in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding inflation, cost of living, and consumer spending patterns in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions on monetary policy, social programs, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights on changing food prices.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Slovak Republic (SVKCPIFODAINMEI), retrieved from FRED.