Consumer Price Index: Harmonised Prices: All Items: Total for the Euro Area (19 Countries)
Index Eurostat base, Monthly
EA19CPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.28
Year-over-Year Change
8.66%
Date Range
1/1/1990 - 1/1/2023
Summary
The Eurostat base, Monthly index measures the monthly change in consumer prices across 19 Eurozone countries, providing a key indicator of inflation 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
This index tracks the overall price level of consumer goods and services in the Eurozone, offering insight into the purchasing power of the Euro and economic conditions in the region.
Methodology
The data is collected through household surveys and vendor price reports across member states.
Historical Context
Policymakers and analysts closely monitor this index to guide monetary policy and assess the economic health of the Eurozone.
Key Facts
- The Eurozone's consumer price index is currently at 119.35 (2015=100).
- Inflation in the Eurozone has exceeded the ECB's 2% target for several years.
- Germany is the largest contributor to the Eurostat index, with a 29% weight.
FAQs
Q: What does this economic trend measure?
A: The Eurostat base, Monthly index tracks the overall level of consumer prices across the 19 Eurozone countries, providing a key inflation indicator for the region.
Q: Why is this trend relevant for users or analysts?
A: This index is closely watched by policymakers, economists, and investors to assess economic conditions and guide monetary policy decisions in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through household expenditure surveys and vendor price reports across the Eurozone member states.
Q: How is this trend used in economic policy?
A: The Eurostat index is a key input for the European Central Bank's monetary policy decisions, as they aim to maintain price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The Eurostat index is published monthly, with a typical 2-3 week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Index Eurostat base, Monthly (EA19CPHPTT01IXEBM), retrieved from FRED.