Consumer Price Index: Harmonised Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for the Euro Area (19 Countries)
EA19CPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-114.71%
Date Range
2/1/1996 - 1/1/2023
Summary
The Consumer Price Index: Harmonised Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for the Euro Area (19 Countries) measures the inflation trend for a key component of the consumer price basket in the Eurozone.
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
This index tracks changes in the prices paid by consumers for housing, utilities, and related services in the 19 countries that use the Euro currency. It is an important economic indicator used by policymakers and analysts to gauge inflationary pressures and the cost of living for households.
Methodology
The data is collected through surveys of consumer purchases and prices across the Eurozone.
Historical Context
Trends in this index are closely monitored by the European Central Bank as part of its mandate to maintain price stability.
Key Facts
- The Eurozone has 19 member countries that use the Euro currency.
- Housing, utilities, and related services account for around 20% of the consumer price basket.
- The index is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by consumers in the Eurozone for housing, utilities, and related services, which make up a significant portion of household budgets.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are closely watched by policymakers, businesses, and consumers as an indicator of inflationary pressures and the cost of living in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and prices across the 19 Eurozone countries.
Q: How is this trend used in economic policy?
A: The European Central Bank monitors this index as part of its mandate to maintain price stability in the Eurozone, which informs its monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with a typical one-month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for the Euro Area (19 Countries) (EA19CPHP0400GPM), retrieved from FRED.