Harmonized Index of Consumer Prices: Garments for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0312E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.26
Year-over-Year Change
0.09%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Garments in the European Economic Area (EEA) measures changes in the prices paid by consumers for clothing items. This metric is a key indicator of inflationary pressures and consumer demand.
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 Garments is a subcomponent of the broader HICP, which tracks the average change in prices of a fixed basket of consumer goods and services across EEA member states. Policymakers and economists use this data to assess the cost of living and guide monetary policy decisions.
Methodology
The data is collected through surveys of retail prices in EEA countries and aggregated by Eurostat.
Historical Context
The HICP for Garments is a crucial input for the European Central Bank's inflation targeting policies.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Clothing and footwear account for about 5% of the HICP basket.
- Garment prices are tracked across a variety of retail outlets, from department stores to online shops.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Garments measures changes in the prices paid by consumers for clothing items in the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: The HICP for Garments is a key indicator of inflationary pressures and consumer demand, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices in EEA countries and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Garments is a crucial input for the European Central Bank's inflation targeting policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for price surveys and aggregation across EEA member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Garments for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0312E3CCM086NEST), retrieved from FRED.