Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union
Growth rate same period previous year, Quarterly
EU28CPGREN01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.61
Year-over-Year Change
-937.17%
Date Range
1/1/2002 - 10/1/2019
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in the European Union's harmonized consumer price index. This is a key indicator of inflation and economic conditions in the EU.
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 economic indicator tracks the annual percentage change in the harmonized consumer price index (HICP) for the European Union (EU28). The HICP is a standardized measure of inflation across EU member states, allowing for cross-country comparisons.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts closely monitor this inflation metric to inform monetary and fiscal policies.
Key Facts
- The EU28 annual inflation rate was 10.0% in September 2022.
- Inflation has remained elevated due to rising energy and food costs.
- The European Central Bank has raised interest rates to combat high inflation.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year change in the harmonized consumer price index (HICP) for the European Union (EU28). It reflects the annual inflation rate.
Q: Why is this trend relevant for users or analysts?
A: The EU inflation rate is a closely watched metric that informs monetary and fiscal policies. It provides insight into the overall health of the European economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers, central banks, and analysts use this inflation indicator to assess economic conditions and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month lag. There may be revisions to previously reported figures.
Related Trends
Harmonized Index of Consumer Prices: Education for Euro Area (19 Countries)
CP1000EZ19M086NEST
Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for European Union (28 Countries)
CP0712EU28M086NEST
Harmonized Index of Consumer Prices: Liquid Fuels for Euro Area (19 Countries)
CP0453EZ19M086NEST
Unemployment Rate: Aged 15-74: All Persons for the European Union
LRUN74TTEUQ156S
Balance of payments BPM6: Current account Credits: Services: Total Credits as % of Goods and Services for European Union (28 countries)
EU28B6CRSE03STSAQ
Harmonized Index of Consumer Prices: Frequent Out-OF-Pocket Purchases for Euro Area (19 Countries)
FROOPPEZ19M086NEST
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28CPGREN01GYQ), retrieved from FRED.