Harmonized Index of Consumer Prices: Other Articles of Clothing and Clothing Accessories for European Union (27 Countries from 2020)
CP0313EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.26
Year-over-Year Change
0.24%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Articles of Clothing and Clothing Accessories in the European Union (27 countries from 2020) measures price changes over time for this consumer goods category.
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 key economic indicator used to assess inflation in the EU. This specific index tracks price trends for a basket of clothing and accessory products, providing insight into consumer spending and purchasing power.
Methodology
The data is collected through surveys of consumer prices at retail outlets across the EU member states.
Historical Context
Policymakers and market analysts closely monitor the HICP to gauge the overall health of the European economy.
Key Facts
- Covers a basket of clothing and accessory products across the EU.
- Tracked monthly to monitor consumer price trends.
- Used by the European Central Bank to set monetary policy.
FAQs
Q: What does this economic trend measure?
A: This index measures the harmonized consumer prices for other articles of clothing and clothing accessories across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for clothing and accessories is a key indicator of consumer spending and inflation pressures in the EU, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retail outlets across the EU member states.
Q: How is this trend used in economic policy?
A: The European Central Bank closely monitors the HICP, including this clothing and accessories index, to set appropriate monetary policy for the EU economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with minimal delay, providing timely information on consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Articles of Clothing and Clothing Accessories for European Union (27 Countries from 2020) (CP0313EU272020M086NEST), retrieved from FRED.