Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Spain
ESPCPGRLH02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.01
Year-over-Year Change
-26.71%
Date Range
1/1/1977 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing (Housing Excluding Imputed Rentals for Housing) in Spain is a key measure of price changes in the Spanish economy, excluding housing 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
This CPI index tracks the prices of services and goods in Spain, excluding housing. It is an important economic indicator used to assess inflation and cost-of-living trends.
Methodology
The Spanish National Statistics Institute (INE) collects price data from a representative sample of retailers and service providers to calculate this index.
Historical Context
Policymakers and economists closely monitor this CPI trend to guide monetary and fiscal policies.
Key Facts
- The CPI for Services Less Housing is a monthly index published by the Spanish government.
- This index excludes housing costs, which can distort the overall inflation picture.
- Spain's CPI for Services Less Housing was 106.53 in January 2023.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing in Spain measures the changes in prices for a basket of consumer services and goods, excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is an important indicator of inflationary pressures in the Spanish economy, helping policymakers and analysts assess the cost of living and the need for potential policy adjustments.
Q: How is this data collected or calculated?
A: The Spanish National Statistics Institute (INE) collects price data from a representative sample of retailers and service providers to calculate this CPI index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this CPI trend to guide monetary and fiscal policies, as it provides insights into broader inflationary pressures in the Spanish economy.
Q: Are there update delays or limitations?
A: The CPI for Services Less Housing is published monthly by the Spanish government, with a relatively short time lag, making it a timely economic indicator.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Spain (ESPCPGRLH02GYM), retrieved from FRED.