Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0122E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.35
Year-over-Year Change
4.28%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Mineral Waters, Soft Drinks, Fruit and Vegetable Juices tracks changes in the prices of these consumer goods across the European Economic Area. This key inflation indicator helps policymakers monitor price stability.
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 is a standardized measure of consumer price inflation used by the European Union and European Central Bank. This specific index focuses on the price changes for a basket of non-alcoholic beverages, providing insight into a critical component of household consumption.
Methodology
The HICP data is collected through consumer surveys and retail price observations across participating countries.
Historical Context
Central banks and finance ministries utilize HICP data to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The HICP tracks price changes for over 100 consumer goods and services in the EEA.
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- HICP data is published monthly and used to set the European Central Bank's inflation target.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Mineral Waters, Soft Drinks, Fruit and Vegetable Juices tracks changes in the prices of these non-alcoholic beverages across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides an important gauge of consumer price inflation, a key economic indicator used by policymakers to monitor price stability and guide monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer surveys and retail price observations conducted across the participating European countries.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries utilize HICP data to inform their decisions on monetary and fiscal policies aimed at maintaining price stability in the European Economic Area.
Q: Are there update delays or limitations?
A: HICP data is published monthly, with a typical release lag of around 2-3 weeks. There may be some variations in data collection and methodology across the participating countries.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0122E3CCM086NEST), retrieved from FRED.