Harmonized Index of Consumer Prices: Oils and Fats for Spain
CP0115ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.15
Year-over-Year Change
-35.63%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Oils and Fats in Spain tracks changes in the prices of a basket of edible oils and fats purchased by Spanish consumers. This metric is a key indicator of inflationary pressures in the Spanish food market.
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 provides a comprehensive measure of price changes for a range of cooking oils, butter, and other fat products typically consumed in Spain. It is a subcomponent of the broader HICP, which is used by policymakers to monitor and manage inflation throughout the Eurozone.
Methodology
The data is collected through surveys of retailers and consumers across Spain.
Historical Context
The HICP for Oils and Fats is a valuable input for the European Central Bank's monetary policy decisions.
Key Facts
- Spain is the world's largest producer of olive oil.
- Vegetable oils and animal fats account for about 5% of the HICP basket in Spain.
- The HICP for Oils and Fats has risen by over 20% in the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Oils and Fats measures changes in the prices of a basket of edible oils, fats, and related products purchased by consumers in Spain.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Oils and Fats is an important indicator of inflationary pressures in the Spanish food market, which is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and consumers across Spain.
Q: How is this trend used in economic policy?
A: The HICP for Oils and Fats is a key input for the European Central Bank's monetary policy decisions, as it helps assess overall price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP 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: Oils and Fats for Spain (CP0115ESM086NEST), retrieved from FRED.