Harmonized Index of Consumer Prices: Canteens for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1112E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.26
Year-over-Year Change
3.77%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Canteens in the European Economic Area (EEA) measures changes in the prices paid by consumers for a basket of goods and services. This key economic indicator helps assess the overall inflation rate and cost of living.
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) for Canteens is a measure of the average change in prices paid by consumers in EEA countries for food, beverages, and other items purchased in canteens. It is a harmonized index used to compare inflation rates across the EEA.
Methodology
The data is collected through regular surveys of consumer expenditures and prices in EEA member states.
Historical Context
The HICP Canteens index is widely used by policymakers, central banks, and market analysts to track inflationary pressures and inform economic policy decisions.
Key Facts
- The HICP Canteens index is calculated monthly for the EEA.
- It covers around 12% of total consumer expenditures in the EEA.
- The index is used to set monetary policy and evaluate cost-of-living changes.
FAQs
Q: What does this economic trend measure?
A: The HICP Canteens index measures changes in the prices paid by consumers for goods and services purchased in canteens 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 and the cost of living, which is highly relevant for policymakers, central banks, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer expenditures and prices in EEA member states.
Q: How is this trend used in economic policy?
A: The HICP Canteens index is widely used by policymakers and central banks to track inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Canteens for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1112E3CCM086NEST), retrieved from FRED.