Harmonized Index of Consumer Prices: Information Processing Equipment for European Union (28 Countries)
CP0913EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.90
Year-over-Year Change
-4.52%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Information Processing Equipment tracks the prices of computers, peripherals, and related technology in the European Union. This metric is a key indicator of inflation and consumer demand in the technology sector.
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 Information Processing Equipment is a component of the broader HICP, which measures the changes in the prices of consumer goods and services across the EU. This specific index focuses on the prices of personal computers, tablets, printers, and other information technology products purchased by households.
Methodology
The data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Historical Context
Policymakers and economists use this index to assess technology-driven inflation and consumer trends within the EU internal market.
Key Facts
- Covers 28 EU member states.
- Measures prices of computers, tablets, and other IT products.
- Tracks technology-driven inflation trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Information Processing Equipment measures the changes in consumer prices for personal computers, tablets, printers, and other information technology products in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of technology-driven inflation and consumer demand within the EU internal market, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess technology-driven inflation and consumer trends within the EU, which can inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of 1-2 months. There may be some variations in data collection and methodology across the different EU member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Information Processing Equipment for European Union (28 Countries) (CP0913EU28M086NEST), retrieved from FRED.