Harmonized Index of Consumer Prices: Footwear for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0320E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.94
Year-over-Year Change
1.06%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Footwear in the European Economic Area (EEA) measures price changes for footwear items over time. It is a key economic indicator used to track inflation and consumer spending trends.
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 Footwear index is a subcomponent of the broader HICP, which is the standard measure of consumer price inflation across the EEA. The Footwear index specifically tracks price changes for shoes, boots, and other footwear products purchased by households.
Methodology
The data is collected through a survey of retail prices across the EEA member states.
Historical Context
The HICP Footwear index provides important insights into consumer behavior and inflationary pressures within the EEA economy.
Key Facts
- The EEA includes 30 countries as of 2023.
- Footwear accounts for about 3.5% of the total HICP basket.
- HICP Footwear has risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Footwear in the European Economic Area (EEA) measures changes in the retail prices of footwear products over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP Footwear index provides valuable insights into consumer spending patterns and inflationary pressures within the EEA economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices across the EEA member states.
Q: How is this trend used in economic policy?
A: The HICP Footwear index is used by policymakers and economists to monitor consumer price inflation and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP Footwear data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Footwear for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0320E3CCM086NEST), retrieved from FRED.