Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Spain
ESPCPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-33.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Spain measures price changes for a basket of miscellaneous goods and services consumed by Spanish households. This key economic indicator helps track inflation and consumer spending in Spain.
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 is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation across European Union member states. It reflects price movements for a wide range of miscellaneous items, from personal care products to financial services, providing insights into overall consumer price dynamics in Spain.
Methodology
The data is collected through surveys of prices paid by Spanish consumers for a representative basket of goods and services.
Historical Context
Policymakers and economists use this CPI trend to monitor inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The index base year is 2015 = 100.
- Miscellaneous goods and services account for about 13% of the total Spanish CPI basket.
- Spain's CPI for miscellaneous goods and services has risen by 7% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of a basket of miscellaneous goods and services consumed by Spanish households, as part of the harmonized consumer price index (HICP).
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides insights into overall inflationary pressures and consumer spending patterns in Spain, which are crucial for policymakers and economists monitoring the country's economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Spanish consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this CPI trend to assess inflationary conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with a short delay to allow for price collection and compilation.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Spain (ESPCPHP1200GPM), retrieved from FRED.