Harmonized Index of Consumer Prices: Clothing Materials for Euro Area (19 Countries)
CP0311EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.02
Year-over-Year Change
0.75%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Clothing Materials in the Euro Area measures the price changes of raw materials and intermediate goods used in the production of clothing. This trend provides valuable insights into inflationary pressures and consumer demand within the eurozone.
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 Clothing Materials tracks price changes in the inputs and materials used to manufacture clothing products across the 19 countries in the Euro Area. This index is an important indicator for monitoring the overall state of the eurozone's textile and apparel industries.
Methodology
The European Union's statistical agency, Eurostat, collects this data through a harmonized survey of businesses across the eurozone.
Historical Context
Policymakers and economists use this index to understand consumer spending patterns and inflationary dynamics in the clothing sector.
Key Facts
- The HICP for Clothing Materials is a component of the overall HICP, which is the EU's primary inflation indicator.
- Clothing materials account for approximately 4% of the total HICP basket in the eurozone.
- Prices of clothing materials can influence retail clothing prices and consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Clothing Materials measures the price changes of raw materials and intermediate goods used in the production of clothing across the 19 countries in the Euro Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and consumer demand within the eurozone's textile and apparel industries, which is of interest to policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The European Union's statistical agency, Eurostat, collects this data through a harmonized survey of businesses across the eurozone.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to understand consumer spending patterns and inflationary dynamics in the clothing sector, which can inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP for Clothing Materials is published monthly, with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Clothing Materials for Euro Area (19 Countries) (CP0311EZ19M086NEST), retrieved from FRED.