Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for European Union (28 Countries)
CP0400EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.32
Year-over-Year Change
1.13%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Housing, Water, Electricity, Gas and Other Fuels tracks price changes in these essential household goods and services across the European Union. This metric is a key indicator of cost-of-living trends and inflation pressures in the EU.
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 HICP is a standardized measure of consumer price inflation used by the European Union. The Housing, Water, Electricity, Gas and Other Fuels component specifically monitors price changes for these core household expenses, providing insights into a significant portion of the average consumer's budget.
Methodology
The data is collected through surveys of consumer purchases and compiled by Eurostat, the statistical office of the EU.
Historical Context
This HICP index is used by policymakers, central banks, and financial analysts to assess inflationary dynamics and inform economic decision-making.
Key Facts
- The HICP covers 28 European Union member states.
- Housing, water, electricity, gas and other fuels account for around 24% of the total HICP basket.
- This index uses 2015 as the base year for price comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Housing, Water, Electricity, Gas and Other Fuels tracks price changes in these essential household goods and services across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into a significant portion of the average consumer's budget, making it a crucial indicator of cost-of-living trends and inflationary pressures in the EU.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This HICP index is used by policymakers, central banks, and financial analysts to assess inflationary dynamics and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for European Union (28 Countries) (CP0400EU28M086NEST), retrieved from FRED.