Harmonized Index of Consumer Prices: Beer for European Union (28 Countries)
CP0213EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.94
Year-over-Year Change
1.70%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Beer in the European Union (28 countries) tracks the average price changes of beer as a consumer good in EU member states.
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 inflation across the Eurozone and EU, allowing for reliable comparisons of price levels and trends between member countries. The Beer HICP sub-index provides insights into consumer demand and purchasing power for this specific product category.
Methodology
The data is collected through surveys of consumer prices at the retail level across the EU.
Historical Context
Policymakers and economists use this HICP sub-index to monitor inflationary pressures and consumer behavior within the European single market.
Key Facts
- The Beer HICP is a component of the overall Eurozone HICP.
- EU member states use the HICP to set monetary policy and manage inflation.
- Beer accounts for a small but meaningful portion of the typical EU consumer's spending basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Beer in the European Union (28 countries) tracks the average price changes of beer as a consumer good in EU member states.
Q: Why is this trend relevant for users or analysts?
A: The Beer HICP sub-index provides insights into consumer demand and purchasing power for this specific product category, which is useful for policymakers and economists monitoring inflationary pressures and consumer behavior within the European single market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices at the retail level across the EU.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP sub-index to monitor inflationary pressures and consumer behavior within the European single market.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights into beer price trends across the EU.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Beer for European Union (28 Countries) (CP0213EU28M086NEST), retrieved from FRED.