Consumer Price Index: Harmonised prices: Communication (COICOP 08): Total for the European Union
Growth rate previous period
EU28CPHP0800GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2020
Summary
The 'Growth rate previous period' metric measures the rate of change in the Harmonized Index of Consumer Prices (HICP) for the European Union over time. This key economic indicator is crucial for assessing inflation and guiding monetary policy decisions.
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 previous period tracks the month-over-month percentage change in the Harmonized Index of Consumer Prices (HICP) for the European Union 28 countries. This metric is a widely-used barometer of consumer price inflation, which is a primary objective for central banks in setting monetary policy.
Methodology
The HICP data is collected through surveys of retail prices across the EU member states.
Historical Context
Policymakers and analysts closely monitor the Growth rate previous period to understand price dynamics and inform decisions around interest rates and other economic interventions.
Key Facts
- The HICP is the standard measure of inflation in the European Union.
- The Growth rate previous period is reported on a monthly basis.
- Central banks use this metric to set interest rates and manage inflation targets.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period measures the month-over-month percentage 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 key inflation metric is crucial for assessing price dynamics and guiding monetary policy decisions by central banks.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail prices across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Growth rate previous period to understand inflationary pressures and inform decisions around interest rates and other economic interventions.
Q: Are there update delays or limitations?
A: The Growth rate previous period is reported on a monthly basis with minimal publication delays.
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Citation
U.S. Federal Reserve, Growth rate previous period (EU28CPHP0800GPM), retrieved from FRED.