Harmonized Index of Consumer Prices: Meat for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0112E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.12
Year-over-Year Change
4.13%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Meat in the European Economic Area (EEA) tracks changes in the retail prices of various meat products. This key economic indicator is closely monitored by policymakers to assess inflationary pressures and consumer purchasing power.
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 Meat is a component of the broader HICP, which measures the average change over time in the prices of consumer goods and services acquired by households in the EEA. The Meat index specifically focuses on price movements across different meat categories, providing insight into a major driver of household expenditures.
Methodology
The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Historical Context
The HICP for Meat is used by central banks and fiscal authorities to inform monetary and economic policies that aim to maintain price stability and support consumer welfare.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Meat accounts for approximately 15% of the average household's consumption basket in the EEA.
- The HICP for Meat has shown moderate annual price growth of around 2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Meat measures the changes in retail prices of various meat products in the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: The HICP for Meat is a key indicator of inflationary pressures and consumer purchasing power, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks and fiscal authorities use the HICP for Meat to inform monetary and economic policies aimed at maintaining price stability and supporting consumer welfare.
Q: Are there update delays or limitations?
A: The HICP for Meat data is published monthly by Eurostat with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0112E3CCM086NEST), retrieved from FRED.