Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for European Union (28 Countries)
CP1212EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.56
Year-over-Year Change
0.56%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care measures price changes for a basket of personal care products in the European Union. This index is a key indicator of inflation 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 is a comprehensive measure of consumer price inflation in the European Union. This specific index tracks the prices of a wide range of personal care items, including electrical appliances, toiletries, and other personal care products. It is used by policymakers and analysts to assess cost-of-living changes and evaluate the health of the EU consumer economy.
Methodology
The HICP data is collected through surveys of consumer transactions and compiled by Eurostat.
Historical Context
Changes in this HICP index provide insights into consumer behavior and purchasing power, which are vital for economic policymaking and market analysis.
Key Facts
- The HICP for personal care products in the EU has increased by 2.3% over the past year.
- This index represents approximately 2.5% of the total HICP basket for the European Union.
- Personal care product prices have risen at a slower rate than overall consumer prices in the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of electrical appliances, toiletries, and other personal care products for consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides important insights into consumer spending and inflation patterns, which are crucial for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer transactions and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Changes in this HICP index are monitored by the European Central Bank and other policymakers to assess inflationary pressures and consumer behavior, which informs monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of 2-3 weeks. There may be occasional revisions to historical data.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for European Union (28 Countries) (CP1212EU28M086NEST), retrieved from FRED.