Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for European Union (28 Countries)
CP0430EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.08
Year-over-Year Change
2.76%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of the Dwelling measures the price changes of materials and services for home maintenance and minor repairs in the European Union. This indicator is a key statistic for monitoring inflation and household costs.
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 across European Union countries. The Maintenance and Repair of the Dwelling component tracks the prices of materials, labor, and other expenses related to maintaining and repairing residential dwellings, an important part of household expenditures.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Historical Context
This HICP index is used by policymakers, central banks, and economists to assess price pressures and guide economic policy decisions.
Key Facts
- The HICP covers over 700 consumer goods and services across the EU.
- Maintenance and repair is around 3% of the total HICP basket.
- Inflation rates vary significantly across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of the Dwelling measures the price changes of materials, labor, and other costs related to maintaining and repairing residential dwellings in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is an important indicator of household costs and inflationary pressures, providing insights into a key aspect of consumer expenditures that is relevant for policymakers, central banks, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Maintenance and Repair of the Dwelling is used by policymakers, central banks, and economists to assess price pressures and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for European Union (28 Countries) (CP0430EU28M086NEST), retrieved from FRED.