Harmonized Index of Consumer Prices: All-Items HICP for European Union (28 Countries)
CP0000EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.44
Year-over-Year Change
1.74%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for the European Union (28 countries) tracks changes in the average price level of consumer goods and services. This key economic indicator is used by policymakers to monitor and manage inflation across the EU.
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 HICP for the EU-28 is a composite price index that measures the average change in prices of a fixed basket of consumer goods and services acquired by households across participating countries. It is a harmonized measure used to assess price stability and guide monetary policy decisions.
Methodology
The HICP data is collected by national statistical agencies and compiled by Eurostat using standardized definitions and methods.
Historical Context
The HICP is a critical benchmark for the European Central Bank's inflation target and guides economic policy for the Eurozone.
Key Facts
- The HICP has a base year of 2015 = 100.
- Covers household final monetary consumption expenditure.
- Published monthly with a lag of around 2 weeks.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for the European Union (28 countries) measures the average change in prices of a fixed basket of consumer goods and services across participating EU member states.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a critical benchmark for assessing price stability and guiding monetary policy decisions by the European Central Bank and other policymakers in the Eurozone.
Q: How is this data collected or calculated?
A: The HICP data is collected by national statistical agencies and compiled by Eurostat using standardized definitions and methods.
Q: How is this trend used in economic policy?
A: The HICP is a key input for the European Central Bank's inflation target and guides economic policy decisions for the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: All-Items HICP for European Union (28 Countries) (CP0000EU28M086NEST), retrieved from FRED.