Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Actual rentals for housing for the European Union
Growth rate previous period
EU28CPHP0401GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
0.00%
Date Range
1/1/2001 - 1/1/2020
Summary
The 'Growth rate previous period' series measures the quarter-over-quarter growth rate of the Harmonized Index of Consumer Prices for the European Union 28 countries. It is an important economic indicator for monitoring inflation and price stability.
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 Harmonized Index of Consumer Prices (HICP) is the standard measure of inflation in the European Union. The 'Growth rate previous period' series provides the quarter-to-quarter percent change in this index, allowing analysts to track short-term price trends across the Eurozone.
Methodology
The HICP data is collected monthly by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers at the European Central Bank use this data to inform monetary policy decisions aimed at maintaining price stability.
Key Facts
- The HICP covers around 700 consumer goods and services.
- The EU28 HICP covers all 28 member states of the European Union.
- The growth rate data is published quarterly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' series measures the quarter-over-quarter percent change in the Harmonized Index of Consumer Prices (HICP) for the European Union 28 countries.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of short-term inflation trends in the Eurozone, which is crucial information for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The HICP data is collected monthly by national statistical agencies and aggregated by Eurostat to produce the growth rate figures.
Q: How is this trend used in economic policy?
A: The European Central Bank closely monitors this inflation data to inform its monetary policy decisions aimed at maintaining price stability across the Eurozone.
Q: Are there update delays or limitations?
A: The growth rate data is published quarterly by Eurostat with a relatively short delay, making it a timely indicator of Eurozone price trends.
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Citation
U.S. Federal Reserve, Growth rate previous period (EU28CPHP0401GPM), retrieved from FRED.