Consumer Price Index: All items: Total: Total for the European Union
Index 2015=100, Monthly
EU28CPALTT01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.00
Year-over-Year Change
1.72%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index 2015=100, Monthly trend measures the harmonized consumer price index for the European Union (28 countries). This key economic indicator tracks changes in the overall price level of consumer 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 Index 2015=100, Monthly is a broad measure of inflation for the European Union. It tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. Economists and policymakers use this index to assess the health of the EU economy and make informed decisions.
Methodology
The data is collected through surveys of consumer purchases and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The EU Index 2015=100 is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- Base year for the index is 2015.
- Measures price changes across a wide range of consumer goods and services.
- Published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures the harmonized consumer price index for the European Union (28 countries). It tracks changes in the overall price level of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and the overall health of the EU economy. Economists and policymakers use it to make informed decisions about monetary policy and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The EU Index 2015=100 is a crucial input for the European Central Bank's monetary policy decisions, as it helps the ECB assess inflationary pressures and adjust interest rates accordingly.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (EU28CPALTT01IXOBM), retrieved from FRED.