Harmonized Index of Consumer Prices: Personal Care for European Union (28 Countries)
CP1210EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.04
Year-over-Year Change
1.27%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Personal Care measures changes in the prices of personal care goods and services in the European Union (28 countries). This important economic indicator helps policymakers and analysts assess consumer price inflation 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 is a subcomponent of the broader HICP, which is the primary measure of consumer price inflation across the Eurozone. The Personal Care index tracks a basket of personal hygiene, grooming, and related products and services to provide insights into household spending patterns.
Methodology
The HICP is calculated based on a harmonized methodology across EU member states.
Historical Context
Central banks and finance ministries use HICP data to inform monetary and fiscal policy decisions.
Key Facts
- The HICP for Personal Care is a subcomponent of the broader Harmonized Index of Consumer Prices (HICP).
- The HICP measures consumer price inflation across the Eurozone and European Union.
- Central banks use HICP data to inform monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Personal Care measures changes in the prices of personal care goods and services in the European Union (28 countries).
Q: Why is this trend relevant for users or analysts?
A: The HICP for Personal Care provides insights into household spending patterns and consumer price inflation, which are important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries use HICP data, including the Personal Care subcomponent, to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Personal Care for European Union (28 Countries) (CP1210EU28M086NEST), retrieved from FRED.