Harmonized Index of Consumer Prices: Wine for European Union (28 Countries)
CP0212EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.36
Year-over-Year Change
0.76%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Wine in the European Union (28 countries) tracks changes in the price of wine purchased by consumers over time. This metric is a key indicator of inflationary pressures and consumer spending in the EU.
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 Wine measures the price of wine purchased by households in the EU-28, including both domestic and imported wine. It is one component of the broader HICP, which serves as the EU's primary measure of consumer inflation and is used to guide monetary policy decisions.
Methodology
The HICP data is collected through a harmonized survey of consumer prices across EU member states.
Historical Context
Policymakers at the European Central Bank closely monitor the HICP for Wine and other HICP components to assess overall price stability and consumer demand trends.
Key Facts
- Wine accounts for around 1.2% of the EU-28 HICP basket.
- The HICP for Wine reached an all-time high in August 2022.
- Wine prices have risen faster than overall EU consumer prices in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Wine measures the price paid by consumers for wine purchases in the European Union (28 countries).
Q: Why is this trend relevant for users or analysts?
A: The HICP for Wine is a key indicator of inflationary pressures and consumer spending patterns in the EU, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected through a harmonized survey of consumer prices across EU member states.
Q: How is this trend used in economic policy?
A: The European Central Bank closely monitors the HICP for Wine and other HICP components to assess overall price stability and consumer demand trends, which informs their monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Wine data is published monthly with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Wine for European Union (28 Countries) (CP0212EU28M086NEST), retrieved from FRED.