Harmonized Index of Consumer Prices: Services for the Maintenance and Repair of the Dwelling for Euro Area (18 countries)
CP0432EZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.96
Year-over-Year Change
8.25%
Date Range
12/1/1999 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices (HICP) for Services for the Maintenance and Repair of the Dwelling tracks the cost of household maintenance services in the Eurozone. This metric is a key indicator of consumer spending and inflationary pressures.
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 Services for Maintenance and Repair of the Dwelling measures the price changes of a basket of household maintenance services, such as repair and maintenance of the home, plumbing, and electrical work. This indicator provides insights into consumer spending patterns and overall service sector inflation within the Eurozone.
Methodology
The data is collected through surveys of consumer prices and service providers across Eurozone countries.
Historical Context
The HICP is a crucial metric used by the European Central Bank to monitor and inform monetary policy decisions.
Key Facts
- The Eurozone HICP Services for Maintenance and Repair has a base year of 2015.
- This index is released monthly by the European Union's statistical agency, Eurostat.
- Changes in the HICP Services for Maintenance and Repair can signal shifts in consumer demand and overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services for the Maintenance and Repair of the Dwelling tracks the cost of household maintenance services in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and overall service sector inflation within the Eurozone, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and service providers across Eurozone countries.
Q: How is this trend used in economic policy?
A: The HICP is a crucial metric used by the European Central Bank to monitor and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP Services for Maintenance and Repair data is released monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services for the Maintenance and Repair of the Dwelling for Euro Area (18 countries) (CP0432EZ18M086NEST), retrieved from FRED.