Harmonized Index of Consumer Prices: Oils and Fats for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0115E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.04
Year-over-Year Change
-5.92%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Oils and Fats tracks price changes for a basket of edible oils and fats across the European Economic Area. This key indicator provides insights into inflationary pressures and consumer purchasing power.
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 Oils and Fats is a subcomponent of the broader HICP, which measures the changes in prices of consumer goods and services across the EEA. This specific index focuses on a range of vegetable and animal-based oils and fats commonly used in food preparation and consumption.
Methodology
The HICP data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Historical Context
This index is closely monitored by central banks, governments, and analysts to assess the state of consumer inflation and overall economic conditions.
Key Facts
- The HICP for Oils and Fats uses 2015 as its base year.
- Oils and fats account for around 3% of the overall HICP basket.
- The index covers 30 countries in the European Economic Area.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Oils and Fats tracks the changes in prices of a basket of edible oils and fats across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer purchasing power, as oils and fats are a key component of household budgets.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Oils and Fats is closely monitored by central banks, governments, and analysts to assess the state of consumer inflation and overall economic conditions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0115E3CCM086NEST), retrieved from FRED.