Consumer Price Index: Harmonised Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for the Euro Area (19 Countries)
Index 2015=100
EA19CPHP0100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.43
Year-over-Year Change
16.27%
Date Range
1/1/1996 - 1/1/2023
Summary
The 'Index 2015=100' metric tracks changes in the Harmonized Index of Consumer Prices (HICP) for the Eurozone. It serves as a key indicator of inflation and price stability for policymakers.
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 'Index 2015=100' series measures the average change in consumer prices in the Eurozone countries compared to a 2015 baseline. It is a widely-used benchmark for assessing the purchasing power and cost of living in the Eurozone economy.
Methodology
The data is collected through surveys of consumer prices across the Eurozone and aggregated into a composite index.
Historical Context
Central banks and economic analysts closely monitor the HICP index to guide monetary policy and assess inflationary pressures.
Key Facts
- The base year for the HICP index is 2015, with a value of 100.
- The index has increased by over 10% since 2015, indicating rising consumer prices.
- The Eurozone HICP is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100' metric tracks changes in the Harmonized Index of Consumer Prices (HICP) for the Eurozone, a key indicator of inflation and price stability.
Q: Why is this trend relevant for users or analysts?
A: The HICP index is a widely-used benchmark for assessing the purchasing power and cost of living in the Eurozone economy, making it crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the Eurozone and aggregated into a composite index.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts closely monitor the HICP index to guide monetary policy and assess inflationary pressures in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP index data is published monthly with a relatively short delay, providing timely information on Eurozone price trends.
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Citation
U.S. Federal Reserve, Index 2015=100 (EA19CPHP0100IXOBM), retrieved from FRED.