Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for European Union (28 Countries)
CP0540EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.18
Year-over-Year Change
0.05%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Glassware, Tableware and Household Utensils tracks changes in the prices of these household items across the European Union. It serves as a key indicator of consumer inflation and purchasing power.
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 Glassware, Tableware and Household Utensils is a subindex of the broader HICP, which measures the average change in prices paid by consumers for a basket of goods and services. This specific subindex focuses on the price trends of common household items like glasses, plates, and cooking implements.
Methodology
The data is collected through surveys of consumer expenditures and prices across the EU member states.
Historical Context
Policymakers and analysts use this HICP subindex to assess consumer demand and inflationary pressures within the European market.
Key Facts
- The HICP for Glassware, Tableware and Household Utensils is a subindex of the broader Harmonized Index of Consumer Prices.
- This index tracks price changes for common household items across the 28 countries of the European Union.
- Policymakers use this data to assess consumer demand and inflationary pressures in the European market.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Glassware, Tableware and Household Utensils tracks changes in the prices of these common household items across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex is a key indicator of consumer inflation and purchasing power, which are important factors for policymakers and analysts assessing the state of the European economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to assess consumer demand and inflationary pressures within the European market, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or limitations in cross-country comparisons due to differences in survey methods across the EU member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for European Union (28 Countries) (CP0540EU28M086NEST), retrieved from FRED.