Consumer Price Index: Harmonised prices: Health (COICOP 06): Total for the European Union
Growth rate same period previous year
EU28CPHP0600GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
9.09%
Date Range
12/1/2000 - 1/1/2020
Summary
The growth rate same period previous year measures year-over-year changes in the Harmonized Index of Consumer Prices (HICP) for the European Union. This key inflation indicator provides insight into price stability and broader economic conditions.
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 tracks the annual percent change in the HICP, which is the primary measure of consumer price inflation used by the European Central Bank to assess price stability across the EU member states. This trend is a valuable economic indicator for policymakers, analysts, and consumers.
Methodology
The HICP data is collected through consumer surveys and compiled by Eurostat.
Historical Context
The growth rate same period previous year is used to monitor inflationary pressures and guide monetary policy decisions.
Key Facts
- The HICP is the key inflation measure used by the European Central Bank.
- The growth rate same period previous year shows year-over-year changes in consumer prices.
- Monitoring this trend is crucial for assessing price stability and economic conditions.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the annual percent 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 trend provides important insight into inflationary pressures and price stability, which are crucial factors for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The growth rate same period previous year is used by the European Central Bank and other policymakers to monitor inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical delay of around 4 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (EU28CPHP0600GYM), retrieved from FRED.