Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Actual rentals for housing for the European Union
EU28CPHP0401GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
41.67%
Date Range
12/1/2001 - 1/1/2020
Summary
The Harmonised Index of Consumer Prices (HICP) for Housing, Water, Electricity, Gas and Other Fuels in the European Union measures the changes in costs related to housing, a key component of household budgets.
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 HICP for Housing, Water, Electricity, Gas and Other Fuels tracks the prices paid by consumers for housing-related goods and services, including rents, utilities, and other housing-related expenditures. This index is used by policymakers to monitor inflation and understand changes in the cost of living for EU residents.
Methodology
The data is collected through household surveys and other sources by Eurostat, the statistical office of the European Union.
Historical Context
This index provides important insights into housing affordability and the impact of energy prices, which are crucial factors for consumer spending and economic stability.
Key Facts
- The HICP for Housing, Water, Electricity, Gas and Other Fuels makes up about 24% of the total HICP for the EU.
- Housing costs are the single largest expenditure category for most EU households.
- Changes in this index can significantly impact consumer confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Harmonised Index of Consumer Prices (HICP) for Housing, Water, Electricity, Gas and Other Fuels measures the changes in prices paid by consumers in the European Union for housing-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into housing affordability and the impact of energy prices, which are key factors for consumer spending and economic stability in the EU.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers use this index to monitor inflation and understand changes in the cost of living for EU residents, which informs decisions on economic and social policies.
Q: Are there update delays or limitations?
A: The HICP data is typically released monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Housing, water, electricity, gas and other fuels (COICOP 04): Actual rentals for housing for the European Union (EU28CPHP0401GYM), retrieved from FRED.