Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Spain
ESPCPHP0404GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Spain measures the price changes of water supply and related services in Spain. This economic indicator is crucial for policymakers and analysts to understand consumer price dynamics and inflation pressures.
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 series tracks the prices paid by Spanish consumers for water supply, sewerage collection, and other miscellaneous housing services. It is a component of the broader Harmonized Index of Consumer Prices (HICP), which is used to measure and compare inflation across the European Union.
Methodology
The data is collected through consumer surveys and compiled by the Spanish National Statistics Institute.
Historical Context
Trends in this series are monitored by the European Central Bank and national policymakers to assess overall price stability and the effectiveness of monetary policy.
Key Facts
- The HICP is the primary inflation measure used by the European Central Bank.
- Water supply and related services account for about 2.5% of the total Spanish consumer price index.
- This series dates back to 1996 and is published monthly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price changes of water supply, sewerage collection, and other miscellaneous housing services in Spain as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in the prices of water and housing services is crucial for understanding overall consumer price dynamics and inflation pressures in the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the Spanish National Statistics Institute.
Q: How is this trend used in economic policy?
A: Trends in this series are monitored by the European Central Bank and national policymakers to assess overall price stability and the effectiveness of monetary policy.
Q: Are there update delays or limitations?
A: This series is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Spain (ESPCPHP0404GPM), retrieved from FRED.