Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0820E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.84
Year-over-Year Change
-6.75%
Date Range
12/1/2016 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Telephone and Telefax Equipment tracks changes in the price of communication equipment and services in the European Economic Area. This metric is closely monitored by economists and policymakers to gauge inflationary pressures and consumer purchasing power.
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
This index measures the cost of telephone and telecommunications equipment and services as part of the overall Harmonized Index of Consumer Prices (HICP) for the European Economic Area. The HICP is a critical economic indicator used to assess the cost of living and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer prices and calculated using a harmonized methodology across participating countries.
Historical Context
Central banks and economic analysts rely on the HICP and its component indices to track inflation and inform monetary and fiscal policy.
Key Facts
- The HICP for Telephone and Telefax Equipment covers a basket of communication devices and services.
- This index is part of the broader Harmonized Index of Consumer Prices, which is used to measure inflation across the European Economic Area.
- The HICP is a critical economic indicator that informs monetary policy decisions by central banks in the region.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Telephone and Telefax Equipment tracks changes in the cost of communication devices and services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index is an important component of the broader HICP, which is closely monitored by central banks and policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated using a harmonized methodology across participating countries in the European Economic Area.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts rely on the HICP and its component indices like Telephone and Telefax Equipment to track inflation and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or revisions due to the harmonized data collection process across multiple countries.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0820E3CCM086NEST), retrieved from FRED.