Harmonized Index of Consumer Prices: Solid Fuels for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0454E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.36
Year-over-Year Change
-1.61%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Solid Fuels in the European Economic Area (EEA) tracks the change in prices of solid fuels, a key component of consumer expenditures in the region.
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 for Solid Fuels is an important economic indicator that measures the inflation experienced by households in the EEA for a basket of solid fuel products, including coal, coke, and other solid heating fuels. It is used by policymakers and analysts to assess changes in the cost of living and inform economic decisions.
Methodology
The HICP data is collected and calculated by Eurostat, the statistical office of the European Union, based on surveys of consumer prices.
Historical Context
The HICP for Solid Fuels is a key input for monetary policy decisions by the European Central Bank and other institutions.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Solid fuels account for around 3% of the total HICP basket in the EEA.
- The HICP for Solid Fuels reached a record high in 2022 due to energy market disruptions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Solid Fuels measures the change in prices of solid heating fuels, such as coal and coke, paid by households in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Solid Fuels is an important indicator of inflation and the cost of living in the EEA, and is used by policymakers and economists to inform economic decisions and monetary policy.
Q: How is this data collected or calculated?
A: The HICP data is collected and calculated by Eurostat based on surveys of consumer prices across the EEA.
Q: How is this trend used in economic policy?
A: The HICP for Solid Fuels is a key input for monetary policy decisions by the European Central Bank and other institutions responsible for managing inflation and economic stability in the EEA.
Q: Are there update delays or limitations?
A: The HICP for Solid Fuels data is published monthly by Eurostat, with some potential for slight delays in data availability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Solid Fuels for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0454E3CCM086NEST), retrieved from FRED.