Harmonized Index of Consumer Prices: Canteens for European Union (27 Countries from 2020)
CP1112EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.25
Year-over-Year Change
3.92%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Canteens in the European Union (27 countries from 2020) tracks price changes for meals and snacks consumed in workplace and school cafeterias. It is a key economic indicator used to monitor inflation 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 Canteens measures the average change over time in the prices paid by consumers for prepared meals and beverages purchased in workplace and school cafeterias across the European Union. It is an important component of overall consumer price inflation and provides insights into the cost of living for households.
Methodology
The data is collected through surveys of prices paid by consumers at various canteen and cafeteria locations.
Historical Context
Policymakers and economists closely monitor the HICP for Canteens to understand trends in food service costs and their impact on household budgets.
Key Facts
- The HICP for Canteens has a base year of 2020.
- Canteens account for a small but important share of total consumer spending.
- Prices in this index can be affected by factors like labor costs and commodity prices.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Canteens measures the average change in prices paid by consumers for meals and snacks purchased in workplace and school cafeterias across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Canteens is an important indicator of inflation and the cost of living, providing insights into the prices faced by households for a key component of food expenditures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at various canteen and cafeteria locations across the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the HICP for Canteens to understand trends in food service costs and their impact on household budgets, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP for Canteens data is published monthly, but there may be a short delay between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Canteens for European Union (27 Countries from 2020) (CP1112EU272020M086NEST), retrieved from FRED.