Consumer Price Index: Harmonised prices: Food and non-Alcoholic beverages (COICOP 01): Total for the European Union
Growth rate same period previous year
EU28CPHP0100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
73.33%
Date Range
12/1/2000 - 1/1/2020
Summary
The growth rate same period previous year tracks the year-over-year change in the Harmonized Index of Consumer Prices (HICP) for the European Union. It's a key metric for monitoring inflation and price stability 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
The growth rate same period previous year measures the annual percent change in the Harmonized Index of Consumer Prices (HICP) for the European Union (28 countries). This provides a benchmark for assessing changes in the overall cost of living and is a crucial economic indicator used by policymakers and analysts.
Methodology
The data is calculated by Eurostat based on monthly HICP surveys of consumer prices across the EU.
Historical Context
The growth rate same period previous year is closely watched by the European Central Bank and national governments to guide monetary and fiscal policies.
Key Facts
- The HICP is the standard measure of inflation in the European Union.
- Year-over-year growth in the HICP averaged 3.1% in the EU in 2022.
- The ECB aims to maintain HICP inflation at around 2% over the medium term.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year tracks the year-over-year change in the Harmonized Index of Consumer Prices (HICP) for the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of price stability and inflation in the EU, guiding monetary and fiscal policies by the European Central Bank and national governments.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat based on monthly HICP surveys of consumer prices across the European Union.
Q: How is this trend used in economic policy?
A: The growth rate same period previous year is closely watched by the European Central Bank and national governments to guide monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical lag of around 1-2 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (EU28CPHP0100GYM), retrieved from FRED.