Harmonized Index of Consumer Prices: Meat for European Union (28 Countries)
CP0112EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.55
Year-over-Year Change
5.26%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Meat for European Union (28 Countries) measures changes in the price of meat products across the EU. This metric is a key indicator of consumer inflation and overall 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The meat component tracks price changes for a basket of meat goods, providing insights into a major consumer expenditure category.
Methodology
The data is collected through consumer price surveys in EU member states and aggregated by Eurostat.
Historical Context
Policymakers and analysts use this HICP subindex to assess household purchasing power and inform monetary and fiscal policy decisions.
Key Facts
- The EU HICP Meat index has a base year of 2015 = 100.
- Meat accounts for approximately 8.6% of the total HICP basket.
- Inflation in meat prices can impact household budgets and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Meat for European Union (28 Countries) measures changes in the price of meat products across the EU.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a major consumer expenditure category and is a key indicator of consumer inflation and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys in EU member states and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to assess household purchasing power and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for European Union (28 Countries) (CP0112EU28M086NEST), retrieved from FRED.