Consumer Price Index: Harmonised prices: Clothing and footwear (COICOP 03): Total for the European Union
Index 2015=100
EU28CPHP0300IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.54
Year-over-Year Change
0.31%
Date Range
12/1/1999 - 1/1/2020
Summary
The 'Index 2015=100' measures the harmonized consumer price index for the European Union, with 2015 as the base year. It serves as a key indicator of inflation and purchasing power trends across the EU.
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 harmonized consumer price index (HICP) tracks the weighted average change in retail prices for a basket of consumer goods and services in the European Union. It is a critical economic indicator used by policymakers and analysts to assess and manage inflationary pressures.
Methodology
The HICP data is collected through household surveys and compiled by Eurostat.
Historical Context
The HICP index is closely monitored by the European Central Bank in setting monetary policy.
Key Facts
- 2015 is the base year for the EU HICP index.
- The index tracks a basket of over 300 consumer goods and services.
- The EU HICP is a critical indicator for the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100' measures the harmonized consumer price index (HICP) for the European Union, tracking the weighted average change in retail prices for consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The HICP index is a key indicator of inflation and purchasing power trends across the EU, making it critical for policymakers, economists, and investors to monitor.
Q: How is this data collected or calculated?
A: The HICP data is collected through household surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The EU HICP index is closely monitored by the European Central Bank in setting monetary policy to manage inflationary pressures.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Index 2015=100 (EU28CPHP0300IXOBM), retrieved from FRED.