Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Spain
ESPCPGRLH02IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.78
Year-over-Year Change
12.00%
Date Range
1/1/1976 - 1/1/2025
Summary
This series measures the consumer price index for services less housing in Spain, excluding imputed rentals for housing. It is a key economic indicator used to track inflation and the cost of living.
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 Consumer Price Index (CPI) for Services Less Housing in Spain is a measure of the change in prices paid by consumers for a basket of services, excluding housing costs like rent and utilities. This index is used to monitor inflation trends and inform economic policymaking.
Methodology
The data is collected through surveys of consumers and businesses by the National Statistics Institute of Spain.
Historical Context
Policymakers and market analysts closely monitor this CPI component to understand the dynamics of the Spanish services sector and overall price pressures.
Key Facts
- The base year for this index is 2015.
- Services make up over 50% of Spain's consumer basket.
- This index excludes housing costs like rent and utilities.
FAQs
Q: What does this economic trend measure?
A: This series measures the consumer price index for services less housing in Spain, excluding imputed rentals for housing. It tracks inflation in the Spanish services sector.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is an important indicator of underlying inflation pressures in Spain's services-driven economy. It informs economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI metric to assess inflationary dynamics in Spain's services sector, which is a key driver of the overall economy.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short lag, providing timely insights on Spanish services inflation.
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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 (ESPCPGRLH02IXOBQ), retrieved from FRED.