Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for European Union (28 Countries)
CP0114EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.74
Year-over-Year Change
1.29%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Milk, Cheese and Eggs in the European Union (28 countries) tracks changes in the prices of these dairy products. This key indicator helps economists and policymakers assess inflationary pressures and consumer spending trends.
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 Milk, Cheese and Eggs is a subcomponent of the broader HICP, which measures the changes in the prices of a basket of consumer goods and services across the EU. Monitoring this dairy-focused index provides insights into household purchasing power and food price inflation.
Methodology
The HICP data is collected through surveys of retailers and consumers by national statistical agencies.
Historical Context
This economic indicator is widely used by the European Central Bank and other policymakers to inform monetary policy decisions.
Key Facts
- The HICP for Milk, Cheese and Eggs covers 28 EU member states.
- Dairy products account for a significant portion of household food budgets.
- This index is a crucial input for the ECB's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Milk, Cheese and Eggs tracks changes in the prices of these dairy products across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into household purchasing power, food price inflation, and consumer spending patterns, which are crucial for economic policymaking.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retailers and consumers by national statistical agencies across the EU.
Q: How is this trend used in economic policy?
A: The HICP for Milk, Cheese and Eggs is widely used by the European Central Bank and other policymakers to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting and publication due to the complex nature of harmonizing price data across multiple EU member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for European Union (28 Countries) (CP0114EU28M086NEST), retrieved from FRED.