Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Euro Area (19 Countries)
CP1211EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.44
Year-over-Year Change
3.14%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in the Euro Area (19 countries) measures inflation in this specific consumer services sector. This trend is an important indicator of economic conditions and consumer demand.
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 is a widely used measure of consumer price inflation in the Euro Area. The Hairdressing Salons and Personal Grooming Establishments component tracks changes in the prices of these consumer services, providing insight into a specific aspect of the broader price environment.
Methodology
The data is collected by national statistical agencies and harmonized by Eurostat to ensure comparability across the Euro Area.
Historical Context
Central banks and policymakers closely monitor HICP trends to inform monetary policy decisions and assess overall economic performance.
Key Facts
- The HICP covers around 60% of consumer expenditure in the Euro Area.
- Hairdressing and personal grooming services account for approximately 2% of total household consumption.
- This index has been published monthly since 1996.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments tracks changes in the prices of these consumer services in the Euro Area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into inflation and consumer demand within a specific service sector, which is valuable for economists and policymakers analyzing broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and harmonized by Eurostat to ensure comparability across the Euro Area.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor HICP trends, including this specific component, to inform monetary policy decisions and assess overall economic performance.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Euro Area (19 Countries) (CP1211EZ19M086NEST), retrieved from FRED.