Harmonized Index of Consumer Prices: Unprocessed Food for European Union (27 Countries from 2020)
FOODUNEU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.96
Year-over-Year Change
6.41%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Unprocessed Food in the European Union (27 countries from 2020) is a key indicator of inflationary trends in the food sector 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 HICP for Unprocessed Food tracks price changes over time for a basket of unprocessed food items, providing insight into the underlying cost dynamics affecting EU consumers. This metric is widely used by policymakers and analysts to monitor food price inflation and its broader economic implications.
Methodology
The data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Historical Context
Trends in unprocessed food prices are closely watched by the European Central Bank and other institutions for their influence on overall inflation and consumer spending.
Key Facts
- The HICP for Unprocessed Food is a sub-index of the overall HICP.
- Unprocessed food accounts for around 15% of the total HICP basket.
- Food prices are a major driver of headline inflation in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Unprocessed Food tracks changes in the prices of unprocessed food items across the European Union.
Q: Why is this trend relevant for users or analysts?
A: Trends in unprocessed food prices are closely monitored by policymakers and economists as they provide important insights into inflationary pressures and consumer spending patterns in the EU.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: The HICP for Unprocessed Food is used by the European Central Bank and other institutions to assess inflationary trends and their impact on consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks. The HICP for Unprocessed Food may be subject to revisions based on updated information from member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Unprocessed Food for European Union (27 Countries from 2020) (FOODUNEU272020M086NEST), retrieved from FRED.