Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Germany
CP0934DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.70
Year-over-Year Change
0.35%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Pets and Related Products; Veterinary and Other Services for Pets tracks the price changes of pet-related goods and services in Germany. This metric provides valuable insights into a key component of household consumer spending.
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
This index measures the inflation rate for a basket of pet-related products and services in Germany, including food, supplies, veterinary care, and other pet-related expenditures. It is a crucial indicator for understanding changes in the cost of pet ownership and the overall cost of living for German households.
Methodology
The data is collected through consumer surveys and retail price monitoring by the German Federal Statistical Office.
Historical Context
Policymakers and market analysts use this index to assess inflationary pressures and the impact on household budgets.
Key Facts
- The index has a base year of 2015.
- Pets and related products account for approximately 1% of the total German consumer basket.
- The index has shown relatively stable growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a basket of pet-related goods and services, including food, supplies, veterinary care, and other pet-related expenditures in Germany.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the cost of pet ownership and its impact on household budgets, which is an important consideration for consumers, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess inflationary pressures and the impact on household budgets, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 1-2 months. There may be some limitations in capturing the full range of pet-related expenses in the consumer basket.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Germany (CP0934DEM086NEST), retrieved from FRED.