Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Total for the European Union
Growth rate previous period
EU28CPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
25.00%
Date Range
1/1/2000 - 1/1/2020
Summary
The 'growth rate previous period' metric measures the quarter-over-quarter change in the harmonized index of consumer prices (HICP) for the European Union (EU28). This high-level inflation indicator is closely watched by policymakers and economists to assess economic conditions.
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 growth rate previous period tracks the quarterly percent change in the EU28 HICP, which is a comprehensive measure of the inflation experienced by consumers across the European Union. This metric is used to evaluate the pace of price changes and inform monetary and fiscal policy decisions.
Methodology
The HICP data is collected by Eurostat through surveys of consumer expenditures across EU member states.
Historical Context
The growth rate previous period is a key input for the European Central Bank's monetary policy deliberations.
Key Facts
- The EU28 HICP grew 0.5% in Q2 2022 compared to the previous quarter.
- Inflation reached a record high of 10.0% in the EU28 in September 2022.
- The European Central Bank has raised interest rates to combat high inflation.
FAQs
Q: What does this economic trend measure?
A: The 'growth rate previous period' metric measures the quarter-over-quarter change in the harmonized index of consumer prices (HICP) for the European Union (EU28).
Q: Why is this trend relevant for users or analysts?
A: This high-level inflation indicator is closely watched by policymakers and economists to assess economic conditions and inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected by Eurostat through surveys of consumer expenditures across EU member states.
Q: How is this trend used in economic policy?
A: The growth rate previous period is a key input for the European Central Bank's monetary policy deliberations.
Q: Are there update delays or limitations?
A: The HICP data is published quarterly with a typical delay of 1-2 months.
Related Trends
Harmonized Index of Consumer Prices: Transport for European Union
CP0700EUCCM086NEST
Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for European Union
CP0933EUCCM086NEST
Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Actual rentals for housing for the European Union
EU28CPHP0401GYM
Harmonized Index of Consumer Prices: Pharmaceutical Products for European Union (28 Countries)
CP0611EU28M086NEST
Consumer Price Index: Harmonized Prices: Total Energy for the European Union
CPHPEN01EUM661N
Harmonized Index of Consumer Prices: Refuse Collection for Euro Area (19 Countries)
CP0442EZ19M086NEST
Citation
U.S. Federal Reserve, Growth rate previous period (EU28CPHP0400GPM), retrieved from FRED.