The project of producing detailed average prices (DAP) aims to supplement existing consumer price statistics providing price level data of up to 156 well defined consumer goods and services.
The main reasons for DAP are the need of detailed price level data for several purposes, including improved monitoring of Single Market policies and the understanding of how markets work. In addition to the dissemination in Eurobase, DAP results are analysed in the Consumer Markets Scoreboard published by DG SANCO.
DAP are an extension to existing work on price statistics that includes the Harmonised Index of Consumer Prices (HICP) and Purchasing Power Parities (PPP). Both HICPs and PPPs are compiled as index numbers. DAP aims to present indicative price levels for specific groups of products as an additional set of price data. It is not a replacement for the measurement of inflation (HICP) or international price level comparisons (PPPs).
The DAP show indicative price levels within the scope of the definitions used. They do not represent official national average prices. The first DAP pilot project was run in 2008 and further pilot projects were continued annually. In 2012, the National Statistical Institutes in the EU Member States, Iceland, Norway, Switzerland and Turkey were asked to provide DAP on a voluntary basis. Detailed average prices from 24 NSIs are published in Eurobase.
On 28 October 2009 the European Commission published a Communication on 'A better functioning food supply chain in Europe'.
Among other challenges identified in this communication, the Commission seeks to 'increase transparency along the food supply chain to encourage competition and improve its resilience to price volatility'. One step towards increased transparency is the creation of a European food price monitoring tool.
In parallel to the Commission Communication, Eurostat is publishing a first version of such a tool, putting together data collected by Eurostat and National Statistical Offices. The primary aim of this tool is to bring together the available data on price developments in the different steps of the supply chain, comparing price developments for the relevant agricultural commodities, for the relevant food industries as well as for the chosen consumer goods.
More information about this new monitoring tool can be found here.
The Food Price Monitoring Tool (FPMT) tool itself is directly accessible through the links below: