Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0934E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.17
Year-over-Year Change
1.34%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets measures changes in the prices of pet care goods and services in the European Economic Area (EEA). This trend is a key indicator for analyzing consumer spending and inflationary pressures in the pet industry.
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 Pets and Related Products; Veterinary and Other Services for Pets is a subindex of the broader HICP, which tracks the changes in consumer prices across a range of goods and services in the EEA. This specific index provides insights into pet-related consumption and how it contributes to overall inflation.
Methodology
The data is collected through consumer price surveys conducted by national statistical agencies and harmonized by Eurostat.
Historical Context
Policymakers and analysts use this HICP subindex to understand consumer behavior and inflationary dynamics in the pet care market.
Key Facts
- The EEA includes 30 countries as of 2023.
- Pet care spending accounts for over €20 billion annually in the EU.
- The HICP for Pets has risen by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets measures changes in the prices of pet care goods and services in the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides insights into consumer spending and inflationary pressures in the pet industry, which is a key sector for many households and a growing part of the economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies and harmonized by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to understand consumer behavior and inflationary dynamics in the pet care market, which can inform economic and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of 2-3 weeks, providing timely insights, though the coverage may be limited to the 30 EEA countries.
Related Trends
Harmonized Index of Consumer Prices: Materials for the Maintenance and Repair of the Dwelling for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0431E3CCM086NEST
Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
IGDXENE3CCM086NEST
Harmonized Index of Consumer Prices: Non-Alcoholic Beverages for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0120E3CCM086NEST
Harmonized Index of Consumer Prices: Beer for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0213E3CCM086NEST
Harmonized Index of Consumer Prices: Audio-Visual, Photographic and Information Processing Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0910E3CCM086NEST
Harmonized Index of Consumer Prices: Cleaning, Repair and Hire of Clothing for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0314E3CCM086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0934E3CCM086NEST), retrieved from FRED.