Harmonized Index of Consumer Prices: Unprocessed Food for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
FOODUNE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.80
Year-over-Year Change
6.41%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Unprocessed Food for European Economic Area (EEA18-2004, EEA28-2006, EEA30) tracks changes in the prices of raw, unprocessed food items purchased by consumers in the EEA. This metric is a key indicator of inflationary pressures in the European food market.
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 index is part of the Harmonized Index of Consumer Prices (HICP) system, which measures changes in the average price level of consumer goods and services acquired by households across the European Economic Area. The unprocessed food component specifically monitors prices for items like fresh produce, meat, and dairy that have not undergone significant industrial processing.
Methodology
The data is collected through surveys of consumer transactions and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this index to assess cost-of-living trends and make informed decisions about monetary and fiscal policies.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Unprocessed food accounts for around 15% of the total HICP basket.
- Prices of unprocessed foods tend to be more volatile than processed items.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of raw, unprocessed food items purchased by consumers in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: The unprocessed food index is a key indicator of inflationary pressures in the European food market, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess cost-of-living trends and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Unprocessed Food for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (FOODUNE3CCM086NEST), retrieved from FRED.