Consumer Price Index: OECD Groups: All items non-food non-energy: Total for the European Union
Growth rate previous period, Quarterly
EU28CPGRLE01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.00
Year-over-Year Change
-100.00%
Date Range
4/1/1996 - 10/1/2019
Summary
The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percentage change in the European Union's Consumer Price Index, a key indicator of inflation and consumer 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
This economic indicator provides insights into the pace of price changes experienced by EU consumers over consecutive quarters. Policymakers and analysts closely monitor this trend to assess the effectiveness of monetary and fiscal policies aimed at maintaining price stability.
Methodology
The data is calculated based on the Harmonized Index of Consumer Prices, a standardized measure collected by Eurostat.
Historical Context
This indicator is widely used to inform macroeconomic decision-making and guide the European Central Bank's monetary policy.
Key Facts
- The EU's inflation rate was 8.5% in Q2 2022, the highest in decades.
- Quarterly inflation growth slowed to 0.8% in Q3 2022, down from 2.4% in Q2.
- Rising energy and food costs were the primary drivers of higher inflation in 2022.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarter-over-quarter percentage change in the Harmonized Index of Consumer Prices (HICP) for the European Union, which is a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: Tracking the pace of consumer price changes is crucial for policymakers, businesses, and consumers to assess the overall health of the economy and inform important decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Harmonized Index of Consumer Prices, a standardized measure of consumer prices collected by Eurostat.
Q: How is this trend used in economic policy?
A: This inflation indicator is closely monitored by the European Central Bank and other policymakers to guide monetary policy decisions aimed at maintaining price stability in the EU.
Q: Are there update delays or limitations?
A: The data is released quarterly by Eurostat, with a typical 2-month delay between the end of the reference period and the data publication.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28CPGRLE01GPQ), retrieved from FRED.