Consumer Price Index: Harmonised prices: Energy: Total for the European Union
Growth rate same period previous year
EU28CPHPEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-12.00%
Date Range
12/1/2001 - 1/1/2020
Summary
The 'Growth rate same period previous year' trend measures the year-over-year change in the European Union's harmonized consumer price index, which is a key indicator of inflation.
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 metric tracks the percentage change in consumer prices compared to the same period a year earlier, providing insight into the pace of price changes across the European Union. It is widely used by economists and policymakers to assess inflationary pressures and inform monetary policy decisions.
Methodology
The data is calculated based on harmonized consumer price indexes collected monthly by Eurostat.
Historical Context
Tracking this trend helps analysts and institutions monitor the broader economic climate and cost-of-living changes.
Key Facts
- The European Union's harmonized inflation rate was 9.2% in March 2023.
- Inflation has remained elevated due to high energy and food costs.
- The European Central Bank has raised interest rates to combat rising prices.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' tracks the year-over-year percentage change in the European Union's harmonized consumer price index.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into inflationary pressures across the EU, which is crucial for economic analysis and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on harmonized consumer price indexes collected monthly by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank closely monitor this inflation measure to inform their interest rate and other monetary policy actions.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical 1-2 month delay.
Related Trends
Harmonized Unemployment: Aged 15-24: Males for the European Union
LFHU24MAEUA647N
Employment Rate: Aged 15-74: Males for the European Union
LREM74MAEUA156N
Production: Energy: Production and distribution of electricity, gas, steam and air conditioning: Total for the European Union
EU28PREND401IXEBSAM
Harmonized Index of Consumer Prices: Information Processing Equipment for European Union (28 Countries)
CP0913EU28M086NEST
Harmonized Index of Consumer Prices: Beer for European Union (27 Countries from 2020)
CP0213EU272020M086NEST
Producer Prices Index: Type of goods: Investments goods: Domestic for the European Union
EU28PITGVG02GPM
Citation
U.S. Federal Reserve, Growth rate same period previous year (EU28CPHPEN01GYM), retrieved from FRED.