Harmonized Index of Consumer Prices: Spirits for European Union
CP0211EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.46
Year-over-Year Change
1.78%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spirits in the European Union measures the price changes of alcoholic spirits purchased by EU consumers. This key economic indicator helps assess inflation 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 Spirits tracks the retail prices of a defined basket of alcoholic spirit products purchased by households across the European Union. It is a vital input for policymakers and analysts monitoring consumer price inflation and spending behaviors.
Methodology
The HICP data is collected through surveys of consumer purchases and prices from retailers across EU member states.
Historical Context
The HICP for Spirits is used by the European Central Bank and national authorities to guide monetary and fiscal policies.
Key Facts
- The HICP measures price changes in a fixed basket of goods and services.
- Spirits make up around 1% of the total HICP basket for the European Union.
- The HICP is harmonized across EU member states for consistent inflation tracking.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Spirits measures the retail price changes of alcoholic spirits purchased by consumers across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Spirits is a key input for policymakers and economists monitoring consumer inflation and spending behaviors in the EU.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer purchases and prices from retailers across EU member states.
Q: How is this trend used in economic policy?
A: The HICP for Spirits is used by the European Central Bank and national authorities to guide monetary and fiscal policies in the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spirits for European Union (CP0211EUCCM086NEST), retrieved from FRED.