Harmonized Index of Consumer Prices: Miscellaneous Goods and Services for European Union (27 Countries from 2020)
CP1200EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.11
Year-over-Year Change
3.92%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Miscellaneous Goods and Services tracks price changes in a basket of household items in the European Union. This metric provides insight into consumer inflation and purchasing power across EU member states.
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 Miscellaneous Goods and Services is a key component of the overall HICP, which is the primary inflation indicator used by the European Central Bank to guide monetary policy. This sub-index focuses on prices for a diverse range of everyday products and services beyond just food and energy.
Methodology
The HICP is calculated based on a representative sample of consumer purchases across EU countries.
Historical Context
The HICP is closely monitored by policymakers, economists, and markets to assess the broader inflationary environment.
Key Facts
- The HICP covers over 100 consumer product categories.
- The EU HICP has a base year of 2015 = 100.
- Miscellaneous goods and services make up around 13% of the total HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Miscellaneous Goods and Services tracks price changes for a broad range of household items and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Miscellaneous Goods and Services provides important insights into overall consumer inflation and purchasing power across the EU, which is a key consideration for policymakers and market participants.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative sample of consumer purchases across EU member states.
Q: How is this trend used in economic policy?
A: The overall HICP is the primary inflation indicator used by the European Central Bank to guide monetary policy decisions, so the Miscellaneous Goods and Services sub-index is closely monitored by policymakers and economists.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Miscellaneous Goods and Services for European Union (27 Countries from 2020) (CP1200EU272020M086NEST), retrieved from FRED.