Harmonized Index of Consumer Prices: Oils and Fats for European Union
CP0115EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.46
Year-over-Year Change
-5.68%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Oils and Fats for European Union measures the changes in prices for oils and fats purchased by EU consumers. This trend is a key economic indicator for understanding consumer inflation and household spending.
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 inflation across European Union countries. The Oils and Fats component specifically tracks price movements for edible oils, butter, and other fats, providing insight into a critical consumer expenditure category.
Methodology
The HICP data is collected through consumer surveys and sampling by national statistics agencies.
Historical Context
Policymakers at the European Central Bank and national governments monitor HICP trends to guide monetary and fiscal policies.
Key Facts
- Oils and fats account for about 3.5% of total EU household expenditures.
- HICP data is harmonized across 27 EU member states for comparability.
- The Oils and Fats index is a sub-component of the broader HICP food and non-alcoholic beverages index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Oils and Fats for European Union measures changes in the prices of edible oils, butter, and other fats purchased by consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer inflation and household spending patterns within the EU, which are closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer surveys and sampling by national statistics agencies across EU member states.
Q: How is this trend used in economic policy?
A: The European Central Bank and national governments use HICP data, including the Oils and Fats component, to guide monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: HICP data is typically published on a monthly basis with a lag of around 2-3 weeks. The timeliness and coverage of the data may vary across different EU member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for European Union (CP0115EUCCM086NEST), retrieved from FRED.