Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Spain
ESPCP040500GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-86.54%
Date Range
4/1/2002 - 7/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Spain measures changes in the prices paid by Spanish consumers for electricity, gas, and other home energy sources.
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
This index is a key indicator of inflationary pressures in the Spanish housing and utility sector. It is used by policymakers, economists, and analysts to assess the overall cost of living and inform decisions on monetary and fiscal policies.
Methodology
The data is collected through a monthly survey of prices from a representative sample of Spanish households.
Historical Context
This index is closely monitored by the European Central Bank and Spanish government agencies to guide economic and energy policy.
Key Facts
- Spain's electricity, gas, and home energy costs make up around 5% of the overall consumer price index.
- Home energy prices have risen by an average of 3.2% per year over the past decade in Spain.
- This index is a critical input for adjusting pensions, wages, and other payments tied to the cost of living.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in the prices paid by Spanish consumers for electricity, gas, and other home energy sources.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Spanish housing and utility sector, used by policymakers, economists, and analysts to assess the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of prices from a representative sample of Spanish households.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the European Central Bank and Spanish government agencies to guide economic and energy policy.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on home energy cost trends in Spain.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Spain (ESPCP040500GPQ), retrieved from FRED.