Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Spain
ESPCPHP1000IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.51
Year-over-Year Change
2.80%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Spain measures the change in education costs for consumers in Spain. This key economic indicator helps policymakers and analysts understand inflation trends in the education 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
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Spain is a harmonized measure of education-related consumer prices in Spain. It is part of the broader Consumer Price Index and is used to track changes in the cost of education, an important component of the overall cost of living.
Methodology
This index is calculated based on a survey of consumer prices across education-related expenditures in Spain.
Historical Context
Education costs are a crucial factor in policy decisions and economic analysis, making this indicator valuable for understanding the Spanish economy.
Key Facts
- The index uses 2015 as the base year.
- Education costs make up around 1.5% of the total Consumer Price Index in Spain.
- This series dates back to 1996.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Spain measures the change in education-related consumer prices in Spain.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding inflation and the cost of living, as education is a significant expense for many households.
Q: How is this data collected or calculated?
A: The index is calculated based on a survey of consumer prices across various education-related expenditures in Spain.
Q: How is this trend used in economic policy?
A: Education costs are a key factor in policy decisions, making this indicator valuable for policymakers and economists analyzing the Spanish economy.
Q: Are there update delays or limitations?
A: This series is updated monthly by the Spanish statistical agency.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Spain (ESPCPHP1000IXEBM), retrieved from FRED.