Harmonized Index of Consumer Prices: Spirits for European Union (28 Countries)
CP0211EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.40
Year-over-Year Change
2.25%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Spirits in the European Union (28 countries) tracks the price changes of alcoholic beverages consumed by households.
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 key economic indicator used to measure and compare inflation across the EU. The Spirits component reflects price movements for distilled alcoholic beverages like whiskey, vodka, and liqueurs.
Methodology
The data is collected through a harmonized survey of consumer prices across the EU.
Historical Context
The HICP is monitored by policymakers, central banks, and financial markets to assess inflationary pressures.
Key Facts
- The HICP for Spirits is published monthly by Eurostat.
- Spirits account for around 2% of the total HICP basket.
- The index is calculated using a harmonized methodology across the EU.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Spirits measures the changes in prices of distilled alcoholic beverages consumed by households in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Spirits is a key component of the overall HICP, which is used to assess and compare inflation across the EU. It provides insights into price dynamics in the alcoholic beverages market.
Q: How is this data collected or calculated?
A: The data is collected through a harmonized survey of consumer prices across the EU member states.
Q: How is this trend used in economic policy?
A: The HICP for Spirits, along with the overall HICP, is closely monitored by policymakers, central banks, and financial markets to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Spirits is published monthly by Eurostat with a typical delay of around 4 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spirits for European Union (28 Countries) (CP0211EU28M086NEST), retrieved from FRED.