Producer Prices Index: Type of goods: Intermediate goods: Total for the European Union
Growth rate same period previous year, Monthly
EU28PITGIG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.57
Year-over-Year Change
-2797.43%
Date Range
1/1/2001 - 6/1/2020
Summary
This trend measures the year-over-year growth rate in the Harmonized Index of Consumer Prices (HICP) for the European Union (EU28). It is a key indicator of inflation and economic performance in 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 EU28 HICP growth rate same period previous year, monthly tracks the change in consumer prices compared to the same month in the prior year. This provides insight into the pace of price changes and inflationary pressures across the European Union.
Methodology
This data is collected by Eurostat through a harmonized survey of consumer prices across EU member states.
Historical Context
Policymakers and economists closely monitor the EU HICP growth rate to assess the state of the European economy and guide monetary and fiscal policy decisions.
Key Facts
- The EU28 HICP growth rate reached a peak of 4.7% in July 2022.
- Inflation has been above the European Central Bank's 2% target since 2021.
- The EU HICP growth rate has shown volatility in recent years due to factors like energy prices.
FAQs
Q: What does this economic trend measure?
A: The EU28 HICP growth rate same period previous year, monthly measures the year-over-year change in consumer prices across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the pace of inflation in the EU, which is a key indicator of economic performance and a key consideration for policymakers.
Q: How is this data collected or calculated?
A: The data is collected by Eurostat through a harmonized survey of consumer prices across EU member states.
Q: How is this trend used in economic policy?
A: The EU HICP growth rate is closely monitored by the European Central Bank and other policymakers to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (EU28PITGIG01GYM), retrieved from FRED.