Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for European Union (28 Countries)
ELGAS0EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.47
Year-over-Year Change
-0.49%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy in the European Union (28 countries) is a key economic indicator that tracks inflation in essential household energy costs.
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 Energy index provides a standardized measure of the price changes for a basket of household energy commodities across the EU member states. It is used by policymakers, economists, and analysts to assess trends in energy-related consumer inflation and inform energy and climate policy decisions.
Methodology
The data is collected monthly by national statistical agencies and aggregated by Eurostat using harmonized methods.
Historical Context
This index is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Household energy costs account for around 10% of the total HICP basket.
- Prices have risen over 40% since the base year in the EU28.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy tracks inflation in essential household energy costs across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial input for the European Central Bank's monetary policy decisions and helps policymakers and economists assess energy-related consumer inflation trends in the EU.
Q: How is this data collected or calculated?
A: The data is collected monthly by national statistical agencies and aggregated by Eurostat using harmonized methods.
Q: How is this trend used in economic policy?
A: The HICP Energy index is used by the European Central Bank and policymakers to inform energy and climate policy decisions in the EU.
Q: Are there update delays or limitations?
A: The index is updated monthly with a short publication delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for European Union (28 Countries) (ELGAS0EU28M086NEST), retrieved from FRED.