Currency Conversions: EURO Exchange Rate: Spot, End of Period: National Currency: EUR for Euro Area (19 Countries)
Annual
CCEUSP02EZA655N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.33
Year-over-Year Change
56.02%
Date Range
1/1/1999 - 1/1/2023
Summary
The 'Annual' trend measures the annual percentage change in the Consumer Price Index for Urban Consumers (CPI-U) in the Eurozone. This metric is closely watched by policymakers to assess inflationary pressures.
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 'Annual' trend tracks the year-over-year change in the CPI-U, which is the most widely used measure of consumer inflation in the Eurozone. It provides insight into the overall pace of price increases across a broad basket of goods and services consumed by households.
Methodology
The CPI-U data is collected monthly by national statistical agencies and compiled by Eurostat.
Historical Context
The 'Annual' trend is a key input for monetary policy decisions by the European Central Bank.
Key Facts
- The Eurozone's annual inflation rate was 8.1% in May 2022.
- Inflation has exceeded the ECB's 2% target since early 2021.
- Rising energy and food costs have been the main drivers of higher inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percentage change in the Eurozone's Consumer Price Index for Urban Consumers (CPI-U), a widely used gauge of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: The 'Annual' inflation rate is a key economic indicator monitored closely by policymakers, businesses, and consumers to assess price pressures and the cost of living.
Q: How is this data collected or calculated?
A: The CPI-U data is collected monthly by national statistical agencies and compiled by Eurostat, the European Union's statistical office.
Q: How is this trend used in economic policy?
A: The 'Annual' inflation rate is a primary input for monetary policy decisions by the European Central Bank, which aims to maintain price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The 'Annual' inflation data is published monthly with a lag of approximately two weeks.
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Currency Conversions: EURO Exchange Rate: Spot, End of Period: National Currency: EUR for Euro Area (19 Countries)
CCEUSP02EZM655N
Citation
U.S. Federal Reserve, Annual (CCEUSP02EZA655N), retrieved from FRED.