Consumer Price Index: All Items: Total: Total for the Euro Area (19 Countries)
Growth rate previous period, Monthly
EA19CPALTT01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-166.67%
Date Range
1/1/1991 - 1/1/2023
Summary
The growth rate previous period, monthly, measures the month-over-month change in the harmonized index of consumer prices for the Eurozone. This metric is a key indicator of inflation trends and economic conditions.
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 series tracks the month-to-month growth rate of the Eurozone's harmonized consumer price index, which measures inflation across the 19 countries that use the euro currency. It provides a timely signal of price changes and is widely followed by economists, policymakers, and market analysts.
Methodology
The data is collected through surveys of consumer prices and calculated as a percentage change from the prior month.
Historical Context
This inflation measure is closely watched by the European Central Bank and factors into its monetary policy decisions.
Key Facts
- The Eurozone has 19 member states that use the euro currency.
- Inflation targeting is a key policy goal for the European Central Bank.
- Consumer prices make up a large portion of the overall inflation measure.
FAQs
Q: What does this economic trend measure?
A: This series tracks the month-over-month percent change in the harmonized index of consumer prices for the Eurozone, which is a key measure of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by policymakers, economists, and market participants as an indicator of overall economic conditions and a guide for monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the Eurozone and calculated as a percentage change from the prior month.
Q: How is this trend used in economic policy?
A: The European Central Bank uses this inflation measure as a key input for its monetary policy decisions, as maintaining price stability is a core policy objective.
Q: Are there update delays or limitations?
A: This series is published monthly with a short lag, providing timely data on inflation trends in the Eurozone.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (EA19CPALTT01GPM), retrieved from FRED.