Harmonized Index of Consumer Prices: Fish and Seafood for European Union (28 Countries)
CP0113EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.87
Year-over-Year Change
2.54%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Fish and Seafood tracks price changes for this category of consumer goods and services in the European Union (28 countries). This important economic indicator provides insights into inflationary pressures and consumer spending patterns.
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 for Fish and Seafood is a subcomponent of the overall HICP, which is the standard measure of inflation in the EU. It focuses specifically on the prices consumers pay for a range of fish and seafood products, offering a more granular view of price dynamics in this economic sector.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Historical Context
Policymakers and analysts use this HICP component to assess inflationary trends and consumer behavior within the food and beverage industry.
Key Facts
- The HICP for Fish and Seafood is a subcomponent of the overall HICP.
- It tracks price changes for a range of fish and seafood products in the EU.
- Policymakers use this indicator to assess inflationary pressures in the food sector.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fish and Seafood measures price changes for a basket of fish and seafood products purchased by consumers in the European Union (28 countries).
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into inflationary pressures and consumer spending patterns within the food and beverage industry, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP for Fish and Seafood to assess inflationary trends and consumer behavior within the food and beverage sector, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a 1-month lag, and the methodology may be subject to revisions or changes over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fish and Seafood for European Union (28 Countries) (CP0113EU28M086NEST), retrieved from FRED.