Consumer Price Index: Harmonised prices: Recreation and culture (COICOP 09): Total for the European Union
Growth rate same period previous year
EU28CPHP0900GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-71.43%
Date Range
12/1/2000 - 1/1/2020
Summary
The 'Growth rate same period previous year' measures the year-over-year change in the Harmonized Index of Consumer Prices (HICP) for the European Union, providing insight into inflationary pressures.
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 economic indicator tracks the annual percent change in the HICP, which is a comprehensive measure of consumer price inflation used to assess and compare the economic health and price stability of EU member states.
Methodology
The HICP data is collected through household surveys and compiled by Eurostat.
Historical Context
Policymakers and analysts use this indicator to monitor and respond to changes in the cost of living and inflationary trends.
Key Facts
- The HICP measures consumer price changes in the EU.
- The 'Growth rate same period previous year' shows annual inflation.
- This indicator is used to assess economic health and price stability.
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 indicator provides insight into inflationary pressures and the overall cost of living, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The HICP data is collected through household surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor and respond to changes in the cost of living and inflationary trends, which informs decision-making and policy actions.
Q: Are there update delays or limitations?
A: The data is typically published monthly with a short lag, providing timely information on price changes.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (EU28CPHP0900GYM), retrieved from FRED.