Consumer Price Index: Harmonised Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for the Euro Area (19 Countries)
EA19CPHP0100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.30
Year-over-Year Change
317.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Consumer Price Index (CPI) for Harmonised Prices: Food and Non-Alcoholic Beverages in the Euro Area (19 countries) measures the inflation rate for a key component of 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 CPI series tracks the price changes over time for food and non-alcoholic beverages, which are crucial for understanding the overall cost of living and consumer purchasing power in the Eurozone.
Methodology
The data is collected through surveys of consumer expenditures and prices across the Eurozone member states.
Historical Context
Policymakers and economists use this index to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The Eurozone CPI for food and non-alcoholic beverages has a weight of approximately 19% in the overall Harmonised Index of Consumer Prices (HICP).
- Food and beverage prices are a key driver of consumer price inflation, which the European Central Bank aims to keep below, but close to, 2% annually.
- This index is released monthly by Eurostat, providing timely data on a crucial component of household expenditures.
FAQs
Q: What does this economic trend measure?
A: This CPI series measures the price changes over time for food and non-alcoholic beverages in the Eurozone, a key component of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Food and beverage prices are a crucial driver of overall consumer price inflation, which is a key economic indicator monitored by policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across the Eurozone member states.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures and guide monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: This index is released monthly by Eurostat, providing timely data on a crucial component of household expenditures.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for the Euro Area (19 Countries) (EA19CPHP0100GYM), retrieved from FRED.