Consumer Price Index: OECD Groups: All items non-food non-energy: Total for the European Union
Growth rate same period previous year, Monthly
EU28CPGRLE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
8.33%
Date Range
12/1/2001 - 1/1/2020
Summary
The 'Growth rate same period previous year, Monthly' metric tracks the year-over-year change in the European Union's consumer price index, providing insight into inflationary 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
This indicator measures the percentage change in the EU's consumer price index between the current month and the same month in the previous year. It is a key economic indicator used by policymakers and analysts to assess price stability and inform monetary policy decisions.
Methodology
The data is collected through consumer price surveys conducted across the EU member states.
Historical Context
The EU's inflation rate is monitored closely by the European Central Bank in its mandate to maintain price stability.
Key Facts
- The EU's annual inflation rate was 10.7% as of December 2022.
- Inflation has been rising steadily since mid-2021 due to factors like higher 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 tracks the year-over-year percent change in the European Union's consumer price index, providing insight into inflationary trends.
Q: Why is this trend relevant for users or analysts?
A: The EU's inflation rate is a key economic indicator used by policymakers and analysts to assess price stability and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted across the EU member states.
Q: How is this trend used in economic policy?
A: The EU's inflation rate is monitored closely by the European Central Bank in its mandate to maintain price stability.
Q: Are there update delays or limitations?
A: The data is published monthly, with typical release lags of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (EU28CPGRLE01GYM), retrieved from FRED.