Consumer Price Index: Harmonised prices: Health (COICOP 06): Total for the European Union
Index 2015=100
EU28CPHP0600IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.61
Year-over-Year Change
1.22%
Date Range
12/1/1999 - 1/1/2020
Summary
The EU28 HICP All-Items Index 2015=100 tracks the overall price level of consumer goods and services in the European Union. It is a key indicator for monitoring inflation and assessing the effectiveness of monetary policy.
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 EU28 HICP All-Items Index 2015=100 is a harmonized index of consumer prices (HICP) that measures the average change over time in the prices paid by households for a basket of consumer goods and services. It provides a comprehensive and comparable measure of inflation for the European Union.
Methodology
The index is calculated using a Laspeyres formula based on a representative basket of consumer goods and services.
Historical Context
The HICP index is closely watched by the European Central Bank in setting monetary policy to maintain price stability.
Key Facts
- The index base year is 2015.
- It covers all household final monetary consumption expenditure.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The EU28 HICP All-Items Index 2015=100 measures the overall price level of consumer goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP index is a key indicator for monitoring inflation and assessing the effectiveness of monetary policy in the EU.
Q: How is this data collected or calculated?
A: The index is calculated using a Laspeyres formula based on a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The HICP index is closely watched by the European Central Bank in setting monetary policy to maintain price stability.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, EU28 HICP All-Items Index 2015=100 (EU28CPHP0600IXOBM), retrieved from FRED.