Consumer Price Index: All items: Total: Total for the European Union
Growth rate same period previous year, Quarterly
EU28CPALTT01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.29
Year-over-Year Change
84.68%
Date Range
1/1/2000 - 10/1/2019
Summary
This economic trend measures the year-over-year growth rate of the Harmonized Index of Consumer Prices (HICP) for the European Union (EU28) on a quarterly basis. It is a key indicator of inflationary pressures within the Eurozone economy.
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 Growth rate same period previous year, Quarterly metric tracks changes in the overall price level of consumer goods and services compared to the same quarter of the prior year. This allows economists and policymakers to monitor the pace of inflation and adjust monetary policy accordingly.
Methodology
The data is collected by Eurostat through surveys of consumer spending and prices across EU member states.
Historical Context
This inflation indicator is widely used by the European Central Bank and other institutions to guide economic and fiscal policies.
Key Facts
- The EU28 HICP rose 8.1% year-over-year in Q4 2022.
- Inflation has remained elevated in the Eurozone since mid-2021.
- The ECB aims to maintain Eurozone inflation near 2% annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Harmonized Index of Consumer Prices (HICP) for the European Union (EU28) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is widely used by the European Central Bank and other institutions to guide economic and monetary policy decisions in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected by Eurostat through surveys of consumer spending and prices across EU member states.
Q: How is this trend used in economic policy?
A: The EU28 HICP growth rate is a key metric used by the European Central Bank to monitor inflationary pressures and adjust monetary policy as needed to achieve the ECB's inflation target.
Q: Are there update delays or limitations?
A: The data is typically published by Eurostat on a quarterly basis with a lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28CPALTT01GYQ), retrieved from FRED.