Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for European Union (27 Countries from 2020)
CP0100EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.35
Year-over-Year Change
3.62%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Food and Non-Alcoholic Beverages tracks the average change in prices paid by consumers in the European Union for food and related products over time.
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 HICP is a key economic indicator used to measure and compare inflation across European Union member states. The Food and Non-Alcoholic Beverages segment provides insights into price trends for a critical category of household spending.
Methodology
The HICP data is collected through consumer surveys and retail price monitoring across the EU.
Historical Context
The HICP Food and Beverages index is closely watched by policymakers and analysts to assess cost-of-living changes and inform economic policy.
Key Facts
- The HICP tracks prices for over 100 food and drink items in the EU.
- Food and non-alcoholic beverages account for over 15% of the total HICP basket.
- The HICP is harmonized to allow for consistent inflation comparisons across the EU.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Food and Non-Alcoholic Beverages measures the average change in prices paid by consumers in the European Union for food and related products.
Q: Why is this trend relevant for users or analysts?
A: The HICP Food and Beverages index is a critical indicator for understanding cost-of-living changes and inflation dynamics in the EU, which informs economic policymaking.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer surveys and retail price monitoring across the European Union member states.
Q: How is this trend used in economic policy?
A: The HICP Food and Beverages index is closely watched by policymakers and analysts to assess inflation and cost-of-living pressures, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short lag, providing timely insights into EU inflation trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for European Union (27 Countries from 2020) (CP0100EU272020M086NEST), retrieved from FRED.