Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0912E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.24
Year-over-Year Change
-2.79%
Date Range
1/1/1996 - 7/1/2025
Summary
This economic trend tracks the Harmonized Index of Consumer Prices (HICP) for photographic, cinematographic, and optical equipment in the European Economic Area. It provides insights into consumer spending and inflationary pressures in this specialized product category.
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 comprehensive measure of consumer price inflation in the EEA. This specific series monitors price changes for cameras, lenses, binoculars, and other photographic and optical goods. It is a key indicator for analyzing consumer demand and price dynamics in this technology-focused market segment.
Methodology
The HICP data is collected through surveys of retail prices paid by consumers across the EEA member states.
Historical Context
Policymakers and analysts use this index to assess inflationary trends and consumer behavior in the technology and electronics sectors.
Key Facts
- Covers 18-30 EEA member states over time.
- Measures price changes for cameras, lenses, and related goods.
- Used to track consumer demand and inflation in the tech sector.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the Harmonized Index of Consumer Prices (HICP) for photographic, cinematographic, and optical equipment in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending and inflationary pressures in the technology and electronics product categories, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail prices paid by consumers across the EEA member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary trends and consumer behavior in the technology and electronics sectors.
Q: Are there update delays or limitations?
A: The HICP data is published regularly with minimal delays, providing timely insights into price dynamics in this market segment.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0912E3CCM086NEST), retrieved from FRED.