Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Germany
DEUCP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.40
Year-over-Year Change
2.43%
Date Range
1/1/1991 - 11/1/2023
Summary
The Consumer Price Index for Clothing and Footwear (COICOP 03) measures the changes in prices for apparel, accessories, and footwear in Germany. It is 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 Consumer Price Index for Clothing and Footwear (COICOP 03) is a subcomponent of the overall German Consumer Price Index. It tracks the prices of a basket of clothing, accessories, and footwear items commonly purchased by German consumers. This data is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer spending trends.
Methodology
The data is collected through monthly surveys of retail establishments across Germany.
Historical Context
This index is an important input for the European Central Bank's monetary policy decisions.
Key Facts
- Germany's CPI for Clothing and Footwear has a base year of 2015.
- The index reached its highest point in July 2022 at 114.3.
- Clothing and footwear account for around 5% of the total German CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Clothing and Footwear (COICOP 03) measures the changes in prices for apparel, accessories, and footwear purchased by German consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and spending in the clothing and footwear sector, which is important for assessing overall economic conditions and consumer purchasing power in Germany.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments across Germany.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is an important input for the European Central Bank's monetary policy decisions, as it helps gauge inflationary pressures in the German economy.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a month of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Germany (DEUCP030000IXNBM), retrieved from FRED.