Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Spain
ESPCP120000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-57.83%
Date Range
2/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12) for Spain measures changes in the prices of a wide range of personal care, financial, and other miscellaneous consumer items. This index is an important indicator of inflationary pressures in the Spanish economy.
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 COICOP 12 index tracks price changes for a basket of goods and services that includes personal care products, financial services, insurance, and other miscellaneous consumer expenditures. It is a key component of the overall Consumer Price Index (CPI), which is used to measure inflation and guide economic policymaking.
Methodology
The data is collected through surveys of consumer prices by Spain's National Statistics Institute.
Historical Context
Policymakers and analysts use this index to assess changes in the cost of living and inflationary trends in the Spanish economy.
Key Facts
- The COICOP 12 index accounts for about 13% of the total Spanish CPI basket.
- Prices in the COICOP 12 category have risen by an average of 2.5% annually over the past decade.
- Spain's COICOP 12 index reached an all-time high in 2022 amid elevated inflation.
FAQs
Q: What does this economic trend measure?
A: The COICOP 12 index measures changes in the prices of a wide range of personal care, financial, and other miscellaneous consumer goods and services in Spain.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures in the Spanish economy, providing insights into the rising cost of living for consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Spain's National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess changes in the cost of living and inflationary trends, which informs economic decision-making.
Q: Are there update delays or limitations?
A: The COICOP 12 index is published monthly with a short lag, and the data is subject to occasional revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Spain (ESPCP120000GPM), retrieved from FRED.