Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for European Union (27 Countries from 2020)
FOOD00EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.53
Year-over-Year Change
3.94%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for European Union (27 Countries from 2020) tracks changes in the prices of food, alcohol, and tobacco products across the EU. This metric is closely monitored by economists and policymakers to assess inflationary pressures and consumer purchasing power.
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 measures the monthly change in the prices of a basket of food, alcohol, and tobacco products for the 27 countries that comprise the European Union as of 2020. It is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the EU.
Methodology
The data is collected through surveys of retail prices and calculated using a weighted average of price changes.
Historical Context
Policymakers at the European Central Bank and national governments closely follow this index to gauge overall price levels and inform monetary and fiscal policy decisions.
Key Facts
- The HICP Food index has a weight of over 19% in the overall EU HICP basket.
- Food, alcohol, and tobacco account for the second-largest category of consumer spending in the EU.
- Tracking this index helps the ECB monitor progress towards its 2% inflation target.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for European Union (27 Countries from 2020) measures monthly changes in the prices of a basket of food, alcohol, and tobacco products across the EU.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer purchasing power, making it closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank and national governments use this index to gauge overall price levels and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around 2 weeks.
Related Trends
Producer Prices Index: Economic Activities: Domestic Industrial Activities for the European Union
PIEATI02EUQ661N
Harmonized Index of Consumer Prices: Mainly Administered Prices for European Union (27 Countries from 2020)
APMAINEU272020M086NEST
Harmonized Index of Consumer Prices: Financial Services N.e.c. for European Union (28 Countries)
CP1260EU28M086NEST
Producer Prices Index: Economic activities: Manufacture of food products: Total for the European Union
EU28PIEAFD01GPM
Producer Prices Index: Total Nondurable Consumer Goods for the European Union
PITGND01EUQ661N
Harmonized Index of Consumer Prices: Passenger Transport by Sea and Inland Waterway for European Union (28 Countries)
CP0734EU28M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for European Union (27 Countries from 2020) (FOOD00EU272020M086NEST), retrieved from FRED.