Harmonized Index of Consumer Prices: Miscellaneous Goods and Services for Euro Area (19 Countries)
CP1200EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.47
Year-over-Year Change
4.07%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Miscellaneous Goods and Services tracks changes in the prices of a basket of consumer goods and services in the Euro Area. This economic indicator is a key measure of inflation 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
The HICP for Miscellaneous Goods and Services is one component of the broader HICP index, which provides a harmonized measure of inflation across the Euro Area. This sub-index focuses on a diverse range of items like personal care products, financial services, and other miscellaneous consumer expenditures.
Methodology
The data is collected through consumer price surveys across the Euro Area and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and market analysts closely monitor HICP trends to gauge the overall rate of inflation and make informed decisions.
Key Facts
- The HICP is a key economic indicator used by the European Central Bank to guide monetary policy.
- Miscellaneous goods and services account for about 13% of the total HICP basket in the Euro Area.
- HICP data is released monthly and provides a timely measure of price changes for consumers.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Miscellaneous Goods and Services tracks changes in the prices of a basket of consumer items in the Euro Area, providing a harmonized measure of inflation.
Q: Why is this trend relevant for users or analysts?
A: HICP data is a crucial indicator of consumer purchasing power and overall inflation, which is closely monitored by policymakers and market participants to guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys across the Euro Area and calculated according to Eurostat's HICP methodology.
Q: How is this trend used in economic policy?
A: The HICP is a key economic indicator used by the European Central Bank to guide monetary policy decisions aimed at maintaining price stability in the Euro Area.
Q: Are there update delays or limitations?
A: HICP data is released monthly, providing timely information on price changes, although there may be lags in data collection and reporting across the Euro Area.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Miscellaneous Goods and Services for Euro Area (19 Countries) (CP1200EZ19M086NEST), retrieved from FRED.