Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Spain
ESPCP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.24
Year-over-Year Change
2.22%
Date Range
1/1/2002 - 11/1/2023
Summary
The Consumer Price Index for Clothing and Footwear in Spain (COICOP 03) measures the changes in prices paid by consumers for apparel, accessories, and footwear. This index is a key indicator of inflationary pressures in the Spanish consumer market.
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 Clothing and Footwear CPI is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This sub-index focuses specifically on price changes for clothing, shoes, and related items, providing valuable insights into a major consumer spending category.
Methodology
Data is collected through regular surveys of retail establishments and compiled by the National Statistics Institute of Spain.
Historical Context
Policymakers and economists use this index to assess the state of the Spanish consumer economy and make informed decisions.
Key Facts
- The base year for the Clothing and Footwear CPI in Spain is 2015.
- This index is published monthly by the National Statistics Institute of Spain.
- Clothing and footwear account for approximately 5% of the total Spanish Consumer Price Index basket.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI for Spain (COICOP 03) measures the changes in prices paid by consumers for apparel, accessories, and footwear.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures in the Spanish consumer market, particularly in the clothing and footwear sector, which is a significant component of household spending.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and compiled by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the state of the Spanish consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI for Spain is published monthly, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Spain (ESPCP030000IXNBM), retrieved from FRED.