Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Germany
DEUCPHP0401GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
This economic trend measures harmonized consumer prices for housing, water, electricity, gas, and other fuels in Germany. It is a key indicator of inflation and household living costs, providing valuable insights for policymakers and economists.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. This specific series tracks prices for the 'Housing, Water, Electricity, Gas and Other Fuels' category, which is a major component of the overall HICP index.
Methodology
The data is collected through household surveys and compiled by the German Federal Statistical Office.
Historical Context
This index is closely monitored by the European Central Bank and other institutions to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- Germany's housing and utilities costs make up over 24% of the HICP basket.
- Prices in this category have risen by an average of 2.3% annually over the past decade.
- The data is published monthly with a 1-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures harmonized consumer prices for housing, water, electricity, gas, and other fuels in Germany. It is a key component of the overall Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and the cost of living in Germany, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The European Central Bank and other institutions closely monitor this index to assess inflationary trends and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Germany (DEUCPHP0401GPM), retrieved from FRED.