Harmonized Index of Consumer Prices: Social Protection for European Union (27 Countries from 2020)
CP1240EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.76
Year-over-Year Change
5.17%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Social Protection measures changes in the prices of goods and services related to social protection in the European Union. This economic indicator is crucial for policymakers and analysts to understand inflation trends and the cost of living.
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 Social Protection tracks the prices of a basket of goods and services related to social programs and services, such as healthcare, retirement benefits, and disability support. It provides a harmonized, comparable measure of inflation across EU member states for this key economic sector.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
The HICP for Social Protection is used by the European Central Bank and other policymakers to monitor price stability and adjust monetary policy.
Key Facts
- The HICP covers over 700 items in the social protection category.
- Social protection accounts for around 15% of the total HICP basket in the EU.
- The index uses 2020 as the base year for comparison.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Social Protection measures changes in the prices of goods and services related to social programs and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for policymakers and economists to understand inflation trends and the cost of living for social protection programs in the EU.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Social Protection is used by the European Central Bank and other policymakers to monitor price stability and adjust monetary policy.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a 1-month lag by Eurostat.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Social Protection for European Union (27 Countries from 2020) (CP1240EU272020M086NEST), retrieved from FRED.