Harmonized Index of Consumer Prices: Food for European Union (27 Countries from 2020)
CP0110EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.45
Year-over-Year Change
3.41%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Food measures changes in the prices of food and non-alcoholic beverages purchased by households in the European Union. This key indicator provides insight into inflationary pressures 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 HICP for Food is a subcategory of the broader HICP, which is the EU's primary measure of consumer price inflation. The Food index tracks price changes across a basket of common grocery items, offering economists and policymakers a valuable gauge of household purchasing power and price stability.
Methodology
The HICP data is collected through surveys of retail establishments and households across EU member states.
Historical Context
Central banks and governments use the HICP for Food to inform monetary and fiscal policies aimed at managing inflation and promoting economic growth.
Key Facts
- The HICP for Food covers around 15% of the total HICP basket.
- Food price inflation can have a significant impact on household budgets and overall cost of living.
- The HICP is harmonized across EU member states to enable cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Food measures changes in the prices of food and non-alcoholic beverages purchased by households in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Food is a key indicator of inflationary pressures and consumer spending patterns, providing valuable insight for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail establishments and households across EU member states.
Q: How is this trend used in economic policy?
A: Central banks and governments use the HICP for Food to inform monetary and fiscal policies aimed at managing inflation and promoting economic growth.
Q: Are there update delays or limitations?
A: The HICP data is released on a monthly basis, with a typical lag of several weeks.
Related Trends
Harmonized Index of Consumer Prices: Meat for European Union
CP0112EUCCM086NEST
Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for European Union (28 Countries)
CP1212EU28M086NEST
Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Electricity, gas and other fuels for the European Union
EU28CPHP0405GYM
Consumer Price Index: Harmonised prices: Food and non-Alcoholic beverages (COICOP 01): Total for the European Union
EU28CPHP0100IXEBM
Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Euro Area (19 Countries)
00XHOUEZ19M086NEST
Harmonized Index of Consumer Prices: Energy and Unprocessed Food for European Union (28 Countries)
EFOODUEU28M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food for European Union (27 Countries from 2020) (CP0110EU272020M086NEST), retrieved from FRED.