Consumer Price Index: Harmonised Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for the Euro Area (19 Countries)
Index 2015=100, Monthly
EA19CPHP0401IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.67
Year-over-Year Change
2.33%
Date Range
1/1/1996 - 1/1/2023
Summary
The EA19CPHP0401IXOBM series measures the harmonized index of consumer prices (HICP) for the Eurozone (19 countries), with 2015 as the base year. This comprehensive inflation indicator is closely watched by policymakers and economists to assess price stability in the Eurozone.
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 Eurozone HICP is a widely used measure of inflation that tracks the changes in the prices of a basket of consumer goods and services across the 19 member states of the Eurozone. It provides a harmonized, comparable metric for monitoring price trends and informing monetary policy decisions by the European Central Bank.
Methodology
The HICP data is collected by national statistical agencies and aggregated by Eurostat.
Historical Context
The Eurozone HICP is a key input for the European Central Bank's monetary policy decisions, as the ECB targets an inflation rate of close to but below 2% over the medium term.
Key Facts
- The Eurozone HICP has a base year of 2015 = 100.
- The index covers 19 Eurozone member states.
- It is a key indicator for the European Central Bank's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The EA19CPHP0401IXOBM series measures the harmonized index of consumer prices (HICP) for the Eurozone, tracking changes in the prices of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Eurozone HICP is a widely watched inflation indicator that provides a harmonized metric for assessing price stability, which is crucial for the European Central Bank's monetary policy decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected by national statistical agencies in the Eurozone member states and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: The Eurozone HICP is a key input for the European Central Bank's monetary policy, as the ECB targets an inflation rate of close to but below 2% over the medium term.
Q: Are there update delays or limitations?
A: The Eurozone HICP data is typically published on a monthly basis with a short delay, providing timely information on price trends in the Eurozone.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (EA19CPHP0401IXOBM), retrieved from FRED.