Consumer Price Index: Harmonized Prices: All Items: Total for Switzerland
Index Eurostat base
CHECPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.17
Year-over-Year Change
1.61%
Date Range
12/1/2004 - 11/1/2023
Summary
The Eurostat base index measures the general price level in the European Union, providing a standardized benchmark for economic analysis and policy decisions.
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 Eurostat base index is a statistical measure that tracks the overall price changes of consumer goods and services in the EU. It serves as a key indicator for monitoring inflation and purchasing power trends across member states.
Methodology
The index is calculated based on a representative basket of consumer goods and services, with data collected through national statistical agencies.
Historical Context
Policymakers and economists utilize the Eurostat base index to assess the health of the European economy and inform decisions around monetary and fiscal policies.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It covers all 27 EU member states and the United Kingdom.
- The index is updated monthly by Eurostat, the EU's statistical office.
FAQs
Q: What does this economic trend measure?
A: The Eurostat base index measures the overall price changes of consumer goods and services in the European Union, serving as a key indicator for inflation and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The Eurostat base index is a crucial benchmark for monitoring the health of the European economy and informing policy decisions by policymakers and economists.
Q: How is this data collected or calculated?
A: The index is calculated based on a representative basket of consumer goods and services, with data collected through national statistical agencies in EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and central banks utilize the Eurostat base index to assess inflationary pressures and make informed decisions about monetary and fiscal policies in the European Union.
Q: Are there update delays or limitations?
A: The Eurostat base index is updated monthly, providing timely data on price changes across the European Union.
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Citation
U.S. Federal Reserve, Index Eurostat base (CHECPHPTT01IXEBM), retrieved from FRED.