Harmonized Index of Consumer Prices: Vegetables for European Union (28 Countries)
CP0117EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.12
Year-over-Year Change
1.11%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Vegetables for European Union (28 Countries) tracks changes in the prices of vegetable products across the EU. This metric is a key indicator of food inflation and household 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation used across the European Union. The vegetables component specifically monitors price fluctuations for a basket of fresh and processed vegetable products.
Methodology
The HICP data is collected through surveys of retail prices by national statistical agencies.
Historical Context
The vegetable HICP is closely watched by policymakers and analysts to assess household living costs and guide monetary policy decisions.
Key Facts
- The HICP vegetables index covers over 100 individual vegetable products.
- EU vegetable prices account for around 10% of the total HICP basket.
- The vegetable HICP has risen by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Vegetables for European Union (28 Countries) tracks changes in the retail prices of vegetable products across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The vegetable HICP is a key indicator of food inflation and household living costs, making it highly relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail prices by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: The vegetable HICP is closely monitored by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2-3 weeks, providing timely insight into consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Vegetables for European Union (28 Countries) (CP0117EU28M086NEST), retrieved from FRED.