Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Spain
ESPCP040300GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-67.16%
Date Range
2/1/2002 - 11/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) Maintenance and Repairs of the Dwellings: Total for Spain measures changes in the prices of maintenance and repair services for dwellings in Spain. This metric is an important gauge of inflation in the housing sector.
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 the prices of materials and labor for maintenance and minor repairs of residential dwellings in Spain. It is a key indicator of household spending on essential housing costs and is used by policymakers and economists to assess inflationary pressures.
Methodology
The data is collected through a nationwide survey of households and businesses in Spain.
Historical Context
This index informs monetary policy decisions and provides context for consumer spending trends.
Key Facts
- The index is calculated with a base year of 2015.
- Housing maintenance and repair costs account for about 4% of the consumer price index in Spain.
- Prices for housing maintenance and repairs have risen by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of materials and labor for maintenance and minor repairs of residential dwellings in Spain.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important gauge of inflation in the housing sector and informs monetary policy decisions and consumer spending trends.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of households and businesses in Spain.
Q: How is this trend used in economic policy?
A: This index provides context for policymakers and economists to assess inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Spain (ESPCP040300GPM), retrieved from FRED.