Harmonized Index of Consumer Prices: Clothing Materials for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0311E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.93
Year-over-Year Change
1.38%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Clothing Materials tracks price changes for a basket of clothing fabrics and materials across the European Economic Area. This index is a key indicator of inflationary pressures in the clothing industry.
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 inflation used by the European Union to assess price stability across member states. The HICP for Clothing Materials specifically monitors price changes for raw materials and textiles used in clothing production.
Methodology
The data is collected through a survey of retailers and manufacturers across the EEA region.
Historical Context
Policymakers and economists use this index to gauge underlying inflationary trends in consumer goods sectors.
Key Facts
- The EEA includes 30 countries as of 2022.
- Clothing materials account for around 4% of the HICP basket.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Clothing Materials tracks price changes for raw materials and textiles used in clothing production across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the clothing industry, which is important for policymakers and economists assessing overall consumer price trends.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and manufacturers across the EEA region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to gauge underlying inflationary trends in consumer goods sectors, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing Materials for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0311E3CCM086NEST), retrieved from FRED.