Harmonized Index of Consumer Prices: Clothing Materials for European Union (28 Countries)
CP0311EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.38
Year-over-Year Change
0.30%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Clothing Materials in the European Union (28 countries) tracks changes in the retail prices of fabrics, yarns, and other materials used to produce clothing. This metric is a key indicator of inflationary pressures and consumer spending patterns within 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 Clothing Materials is a component of the broader HICP index, which measures the average change over time in the prices paid by households for consumer goods and services. This specific series focuses on the price dynamics of raw materials and inputs for the clothing industry across the EU.
Methodology
The data is collected through surveys of retail establishments and weighted based on consumer expenditure patterns.
Historical Context
Policymakers and analysts use this HICP series to assess inflationary trends and household purchasing power in the clothing sector.
Key Facts
- The HICP for Clothing Materials has a base year of 2015.
- Clothing represents around 4% of the total HICP basket in the EU.
- Prices for clothing materials can impact production costs and retail prices.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Clothing Materials tracks changes in the retail prices of fabrics, yarns, and other materials used to produce clothing across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP series is a key indicator of inflationary pressures and consumer spending patterns in the clothing sector, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and weighted based on consumer expenditure patterns.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP series to assess inflationary trends and household purchasing power in the clothing sector.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing Materials for European Union (28 Countries) (CP0311EU28M086NEST), retrieved from FRED.