Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for European Union (27 Countries from 2020)
CP0118EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.88
Year-over-Year Change
7.82%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for sugar, jam, honey, chocolate, and confectionery in the European Union (27 countries from 2020) measures changes in the retail prices of these food items over time. This metric is crucial for monitoring inflation and 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 is a comprehensive measure of consumer price inflation in the EU, used to assess price stability. The index for sugar, jam, honey, chocolate, and confectionery reflects price changes in this specific basket of consumer goods and services.
Methodology
The HICP data is collected through representative surveys of retail outlets and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Economists and policymakers closely track the HICP to guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The HICP is a key economic indicator used by the European Central Bank.
- Sugar, jam, honey, chocolate, and confectionery make up 1.12% of the total HICP basket.
- The HICP for this category has increased by 2.3% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for sugar, jam, honey, chocolate, and confectionery measures the changes in retail prices of these food items over time in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for this category is a crucial indicator of inflation and purchasing power for consumers, which is essential for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The HICP data is collected through representative surveys of retail outlets and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely track the HICP to guide monetary and fiscal policies aimed at maintaining price stability within the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with a typical delay of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for European Union (27 Countries from 2020) (CP0118EU272020M086NEST), retrieved from FRED.