Harmonized Index of Consumer Prices: Clothing and Footwear for European Union (28 Countries)
CP0300EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.82
Year-over-Year Change
0.24%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Clothing and Footwear for the European Union (28 countries) measures the price changes of clothing and footwear products over time. This key economic indicator provides insights into inflationary pressures in the consumer sector.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Clothing and Footwear component tracks price changes for a basket of apparel and shoe products, allowing economists to analyze consumer demand and purchasing power.
Methodology
The data is collected by national statistical agencies and aggregated by Eurostat, the EU's statistical office.
Historical Context
Policymakers and analysts use the HICP Clothing and Footwear index to assess consumer spending patterns and inform monetary and fiscal policies.
Key Facts
- The index has a base year of 2015.
- Clothing and footwear account for around 7.5% of the total HICP basket.
- Prices in this sector can be influenced by trade policies, exchange rates, and seasonal factors.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Clothing and Footwear for the European Union (28 countries) measures the price changes of apparel and shoe products over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures in the consumer sector, allowing economists and policymakers to better understand consumer spending patterns and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP Clothing and Footwear index to assess consumer spending patterns and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical delay of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing and Footwear for European Union (28 Countries) (CP0300EU28M086NEST), retrieved from FRED.