Harmonized Index of Consumer Prices: Communications for European Union (27 Countries from 2020)
CP0800EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.28
Year-over-Year Change
-2.06%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Communications measures changes in the prices of communication services and equipment in the European Union. It is a key economic indicator used to monitor inflation and guide monetary policy.
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 Communications is part of the broader HICP, which tracks the prices of a basket of consumer goods and services across the EU. The Communications component focuses specifically on the costs of telecommunications, postal services, and related equipment.
Methodology
The HICP data is collected through consumer surveys and other statistical methods by Eurostat, the EU's statistical agency.
Historical Context
The HICP Communications index is closely watched by the European Central Bank in setting interest rates and managing inflation.
Key Facts
- The HICP Communications index is published monthly by Eurostat.
- Communications makes up around 3.5% of the total HICP basket in the EU.
- The HICP is a harmonized standard used across the EU for inflation measurement.
FAQs
Q: What does this economic trend measure?
A: The HICP for Communications measures changes in the prices of communication services and equipment purchased by consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP Communications index is a key indicator used by policymakers and economists to monitor inflation and the cost of living in the EU.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer surveys and other statistical methods by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Communications index is closely watched by the European Central Bank in setting interest rates and managing inflation across the EU.
Q: Are there update delays or limitations?
A: The HICP Communications data is published monthly with minimal delay, providing timely information on inflation trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Communications for European Union (27 Countries from 2020) (CP0800EU272020M086NEST), retrieved from FRED.