Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for European Union (28 Countries)
CP0122EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.10
Year-over-Year Change
2.19%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Mineral Waters, Soft Drinks, Fruit and Vegetable Juices measures changes in the price of these consumer goods across the European Union. It is a key indicator for assessing inflationary pressures and monitoring economic conditions.
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. This specific index tracks the price movements of non-alcoholic beverages, including bottled water, soda, juices, and similar items purchased by households. Economists and policymakers closely follow the HICP to gauge consumer spending and inflationary trends.
Methodology
Data for the HICP is collected monthly from consumer purchases across the EU member states.
Historical Context
The HICP is a critical input for the European Central Bank's monetary policy decisions.
Key Facts
- The HICP is calculated using a harmonized methodology across the EU.
- Non-alcoholic beverages account for around 2.5% of the overall HICP basket.
- The HICP aims to be representative of all household final monetary consumption expenditure.
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 the price changes of these non-alcoholic beverages across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP index is a key indicator of inflationary pressures and consumer spending patterns, which are closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: Data for the HICP is collected monthly from consumer purchases across the EU member states.
Q: How is this trend used in economic policy?
A: The HICP is a critical input for the European Central Bank's monetary policy decisions, as it helps assess overall price stability and inflationary trends.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with limited delays, providing timely information on consumer price movements.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for European Union (28 Countries) (CP0122EU28M086NEST), retrieved from FRED.