Consumer Price Index: OECD Groups: All items non-food non-energy: Total for the European Union
Index 2015=100, Quarterly
EU28CPGRLE01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.70
Year-over-Year Change
3.38%
Date Range
1/1/2001 - 10/1/2019
Summary
The EU28 CPGRLE01 IXOBQ series measures the price index for consumer goods and services in the European Union on a quarterly basis, with 2015 as the base year.
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 price index tracks the overall cost of a basket of consumer goods and services purchased by households across the 28 member states of the European Union. It is a key economic indicator used to assess inflation and consumer purchasing power.
Methodology
The data is collected through surveys of consumer prices and calculated using a chained Laspeyres formula.
Historical Context
Policymakers and analysts closely monitor this index to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015.
- It covers the 28 member states of the European Union.
- The index is calculated on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This index measures the overall price level of consumer goods and services purchased by households in the European Union on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The EU28 CPI is a key indicator of inflation and consumer purchasing power, and is closely monitored by policymakers and analysts to inform economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a chained Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to assess inflationary pressures and make decisions on monetary policy, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (EU28CPGRLE01IXOBQ), retrieved from FRED.