Harmonized Index of Consumer Prices: Bread and Cereals for European Union (28 Countries)
CP0111EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.18
Year-over-Year Change
1.71%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Bread and Cereals for the European Union (28 countries) measures the changes in the price of bread and cereal products across the EU. This indicator is crucial for monitoring consumer inflation and guiding economic policy.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation in the European Union. The Bread and Cereals component tracks the prices of a basket of bread, cereal, and related products. This data is widely used by economists, policymakers, and the public to assess the cost of living and overall price pressures.
Methodology
The HICP data is collected through surveys of consumer purchases and calculated using a harmonized methodology across EU member states.
Historical Context
The Bread and Cereals HICP is an important input for the European Central Bank's monetary policy decisions.
Key Facts
- The Bread and Cereals HICP has a weight of 4.9% in the overall EU HICP basket.
- Prices for bread and cereal products increased by 2.3% year-over-year as of the latest data.
- The Bread and Cereals HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Bread and Cereals for the European Union (28 countries) measures changes in the prices of a basket of bread, cereal, and related products across the EU.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for monitoring consumer inflation and assessing the overall cost of living in the European Union, which is key information for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer purchases and calculated using a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: The Bread and Cereals HICP is an important input for the European Central Bank's monetary policy decisions, as it reflects price pressures in a key consumer goods category.
Q: Are there update delays or limitations?
A: The Bread and Cereals HICP is published monthly by Eurostat with a short lag, providing timely data on this component of consumer inflation.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Bread and Cereals for European Union (28 Countries) (CP0111EU28M086NEST), retrieved from FRED.