Harmonized Index of Consumer Prices: Personal Care for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1210E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.67
Year-over-Year Change
2.04%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Personal Care in the European Economic Area (EEA) measures changes in consumer prices for personal care goods and services. This key economic indicator provides insights into inflationary pressures and consumer spending trends.
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 Personal Care tracks the prices paid by consumers in the EEA for a basket of personal care items, including grooming products, cosmetics, and personal hygiene goods. This index is used by policymakers and analysts to assess the overall cost of living and the rate of inflation in the EEA.
Methodology
The HICP data is collected through surveys of consumer expenditures and retail prices across the EEA member states.
Historical Context
Changes in the HICP for Personal Care can inform decisions by the European Central Bank and national governments regarding monetary and fiscal policies.
Key Facts
- The HICP for Personal Care is calculated using a harmonized methodology across the EEA.
- The index is updated monthly by Eurostat, the statistical office of the European Union.
- Personal care accounts for approximately 3% of the total HICP basket in the EEA.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Personal Care measures changes in consumer prices for a basket of personal care goods and services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Personal Care provides insights into inflationary pressures and consumer spending patterns, which are important for policymakers and analysts assessing the overall cost of living in the EEA.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and retail prices across the EEA member states.
Q: How is this trend used in economic policy?
A: Changes in the HICP for Personal Care can inform decisions by the European Central Bank and national governments regarding monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP for Personal Care is updated monthly by Eurostat, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Personal Care for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1210E3CCM086NEST), retrieved from FRED.