Harmonized Index of Consumer Prices: Miscellaneous Printed Matter, Stationery, and Drawing Materials for European Union (28 Countries)
CP0953EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.86
Year-over-Year Change
1.81%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices for Miscellaneous Printed Matter, Stationery, and Drawing Materials measures changes in the prices paid by consumers in the European Union (28 countries) for these goods. This index is a key indicator of inflation and consumer spending patterns in the EU.
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 across the European Union. The Miscellaneous Printed Matter, Stationery, and Drawing Materials index tracks price changes for a basket of these products purchased by households, providing insights into consumer behavior and economic conditions.
Methodology
The data is collected through surveys of consumer prices across the EU and calculated using a harmonized methodology.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and consumer demand in the European market.
Key Facts
- Covers a basket of miscellaneous printed materials, stationery, and drawing goods.
- Measures price changes across the 28 countries of the European Union.
- Used by policymakers to assess inflationary pressures and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Miscellaneous Printed Matter, Stationery, and Drawing Materials tracks changes in the prices paid by consumers in the European Union for these types of goods.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer spending patterns in the EU, which are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the EU and calculated using a harmonized methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary pressures and consumer demand in the European market, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in geographic or product coverage, as with any consumer price index.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Miscellaneous Printed Matter, Stationery, and Drawing Materials for European Union (28 Countries) (CP0953EU28M086NEST), retrieved from FRED.