Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for European Union
CP8283EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.00
Year-over-Year Change
-2.50%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services tracks the prices of communication equipment and services for consumers in the European Union. This index is a key economic indicator used to assess 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 standardized measure of consumer price inflation across the European Union, allowing for cross-country comparisons. The Telephone and Telefax Equipment and Services component focuses on the costs associated with communication technology and telecommunications services for households.
Methodology
The HICP data is collected through surveys of consumer prices and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index is monitored by policymakers, economists, and market analysts to understand consumer behavior and guide economic policy decisions.
Key Facts
- The HICP is a harmonized index used across the European Union.
- Telephone and Telefax Equipment and Services account for around 3% of the total HICP basket.
- This index is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Telephone and Telefax Equipment and Services measures the changes in prices paid by consumers in the European Union for communication equipment and services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer spending and inflation dynamics in the telecommunications sector, which is vital for understanding overall economic conditions in the EU.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer prices and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts monitor this index to understand consumer behavior and guide economic policy decisions related to inflation, consumer spending, and the telecommunications industry.
Q: Are there update delays or limitations?
A: The HICP data is released monthly by Eurostat with a relatively short delay, making it a timely indicator of price changes in the European Union.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for European Union (CP8283EUCCM086NEST), retrieved from FRED.