Consumer Price Index: Harmonised prices: Clothing and footwear (COICOP 03): Total for the European Union
EU28CPHP0300GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12.50
Year-over-Year Change
2.46%
Date Range
1/1/2000 - 1/1/2020
Summary
The Consumer Price Index: Harmonised prices: Clothing and footwear (COICOP 03): Total for the European Union measures price changes for a basket of clothing and footwear goods and services across the EU. It is a key indicator of consumer inflation for this sector.
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 index tracks the average change over time in the prices paid by European Union consumers for a representative basket of clothing and footwear items. It is part of the broader Harmonised Index of Consumer Prices (HICP), a standardized measure of inflation used by EU policymakers.
Methodology
The data is collected through surveys of prices at retail outlets across the EU member states.
Historical Context
The clothing and footwear CPI is used to inform monetary and fiscal policy decisions by the European Central Bank and national governments.
Key Facts
- The EU clothing and footwear CPI has a base year of 2015 = 100.
- Clothing and footwear account for around 7% of the total Harmonised Index of Consumer Prices basket.
- The index is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change in prices paid by European Union consumers for a representative basket of clothing and footwear items.
Q: Why is this trend relevant for users or analysts?
A: The clothing and footwear CPI is a key indicator of consumer inflation for this sector, which is important for policymakers and analysts monitoring the overall cost of living in the EU.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices at retail outlets across the EU member states.
Q: How is this trend used in economic policy?
A: The clothing and footwear CPI is used to inform monetary and fiscal policy decisions by the European Central Bank and national governments.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant delays, providing timely data on clothing and footwear prices across the European Union.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Clothing and footwear (COICOP 03): Total for the European Union (EU28CPHP0300GPM), retrieved from FRED.