Consumer Price Index: Harmonised prices: Miscellaneous goods and services (COICOP 12): Total for the European Union
Growth rate same period previous year
EU28CPHP1200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
30.77%
Date Range
12/1/2000 - 1/1/2020
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in the EU28 Harmonized Index of Consumer Prices (HICP). It provides insights into the pace of inflation across Europe.
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' is a key economic indicator that tracks the annual percent change in consumer prices for the European Union's 28 member states. It is used by policymakers, economists, and analysts to assess the trajectory of inflation and inform monetary policy decisions.
Methodology
The data is collected through the Harmonized Index of Consumer Prices (HICP) program, a standardized measure of inflation across the EU.
Historical Context
This metric is closely monitored by the European Central Bank in its efforts to maintain price stability and support sustainable economic growth.
Key Facts
- The EU28 HICP 'Growth rate same period previous year' reached a high of 4.7% in June 2022.
- Germany had the highest annual inflation rate in the EU at 8.2% in June 2022.
- The European Central Bank aims to maintain inflation at 2% over the medium term.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric measures the annual percent change in the Harmonized Index of Consumer Prices (HICP) for the European Union's 28 member states.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation in the EU and is closely monitored by policymakers, economists, and analysts to assess the trajectory of consumer prices and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Harmonized Index of Consumer Prices (HICP) program, a standardized measure of inflation across the European Union.
Q: How is this trend used in economic policy?
A: The 'Growth rate same period previous year' metric is used by the European Central Bank in its efforts to maintain price stability and support sustainable economic growth in the EU.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around one to two months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (EU28CPHP1200GYM), retrieved from FRED.