Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for European Union
CP0934EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.73
Year-over-Year Change
0.96%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Pets and Related Products; Veterinary and Other Services for Pets measures changes in the prices paid by consumers in the European Union for pet-related goods and services.
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 track inflation across the Eurozone. The Pets and Related Products; Veterinary and Other Services for Pets component provides insight into a specific sector of consumer spending that is of interest to economists and policymakers.
Methodology
The data is collected through surveys of consumer prices across EU member states.
Historical Context
Trends in this HICP component can inform fiscal and monetary policy decisions.
Key Facts
- The HICP is the primary inflation measure for the Eurozone.
- Pets and related products make up around 0.5% of the total HICP basket.
- This index has been published monthly since 1996.
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 paid by consumers in the European Union for pet-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides valuable insight into a specific sector of consumer spending that is of interest to economists and policymakers when analyzing broader inflation trends in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across EU member states.
Q: How is this trend used in economic policy?
A: Trends in this HICP component can inform fiscal and monetary policy decisions by central banks and governments in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with no significant update delays.
Related Trends
Unemployment Rate: Aged 15-64: Males for the European Union
LRUN64MAEUQ156S
Unemployed Population: Aged 55-64: Males for the European Union
LFUN55MAEUQ647S
Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for European Union (28 Countries)
CP0921EU28M086NEST
Harmonized Index of Consumer Prices: Actual Rentals for Housing for European Union (28 Countries)
CP0410EU28M086NEST
Balance of payments BPM6: Current account Debits: Services: Total Debits as % of Current account for the European Union
EU28B6DBSE02STSAQ
Producer Prices Index: Total Intermediate Goods for the European Union
PITGIG01EUQ661N
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for European Union (CP0934EUCCM086NEST), retrieved from FRED.