Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for European Union (28 Countries)
CP0121EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.87
Year-over-Year Change
-0.18%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa tracks the prices of these popular beverages across the European Union. This metric is a key indicator of consumer inflation and cost-of-living trends.
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 Coffee, Tea and Cocoa is part of the broader HICP index, which measures the changes in the prices of consumer goods and services acquired by households across EU member states. This specific subindex provides insight into price fluctuations for these common household commodities.
Methodology
The data is collected through surveys of retailers and service providers across the EU.
Historical Context
Policymakers and analysts use this HICP subindex to gauge consumer purchasing power and inflationary pressures.
Key Facts
- The EU HICP for Coffee, Tea and Cocoa has a base year of 2015=100.
- Prices for these products have risen by over 10% in the EU since 2015.
- The HICP subindex is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa tracks the prices paid by consumers for these products across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides valuable insight into inflationary pressures and consumer purchasing power for common household items.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to gauge consumer price inflation and cost-of-living trends.
Q: Are there update delays or limitations?
A: The HICP for Coffee, Tea and Cocoa is released monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for European Union (28 Countries) (CP0121EU28M086NEST), retrieved from FRED.