Harmonized Index of Consumer Prices: Unprocessed Food for European Union (28 Countries)
FOODUNEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.53
Year-over-Year Change
3.33%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Unprocessed Food in the European Union (28 countries) is an important economic indicator that measures the monthly changes in the prices of raw, unprocessed food items consumed by households.
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 the prices of fresh produce, meat, fish, and other minimally processed food products. This data provides insights into inflationary pressures and consumer purchasing power, which are crucial for policymakers and analysts monitoring the EU's economic health.
Methodology
The data is collected through surveys of consumer prices across the member states and aggregated by Eurostat.
Historical Context
Policymakers and central banks use this index to guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The HICP for Unprocessed Food covers about 15% of the total HICP basket.
- Prices of unprocessed food are typically more volatile than processed food.
- The index is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Unprocessed Food in the European Union (28 countries) measures the monthly changes in the prices of raw, unprocessed food items consumed by households.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer purchasing power, which are crucial for policymakers and analysts monitoring the EU's economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the member states and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to guide monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Unprocessed Food for European Union (28 Countries) (FOODUNEU28M086NEST), retrieved from FRED.