Consumer Price Index: Harmonised prices: Communication (COICOP 08): Total for the European Union
EU28CPHP0800IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.12
Year-over-Year Change
-1.00%
Date Range
12/1/1999 - 1/1/2020
Summary
The Consumer Price Index: Harmonised Prices for Communication measures price changes for communication goods and services in the European Union. This key economic indicator helps policymakers and analysts assess inflationary pressures and consumer spending patterns.
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 Communication CPI tracks the prices paid by consumers for a basket of communication products and services, including telephony, internet, and postal services. This index is part of the broader Harmonised Index of Consumer Prices (HICP), which provides a comparable measure of inflation across EU member states.
Methodology
The data is collected through household surveys and vendor reporting, then aggregated and adjusted to produce the monthly index.
Historical Context
The Communication CPI is used by the European Central Bank and national governments to monitor inflation and inform economic policymaking.
Key Facts
- The Communication CPI is a component of the broader Harmonised Index of Consumer Prices (HICP).
- The index covers a range of communication goods and services, including telephony, internet, and postal services.
- The Communication CPI is used by the European Central Bank to monitor inflationary pressures in the EU.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices paid by consumers for a basket of communication goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is a key indicator of inflationary pressures and consumer spending patterns, which are important for policymakers and economists analyzing the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and vendor reporting, then aggregated and adjusted to produce the monthly index.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the European Central Bank and national governments to monitor inflation and inform economic policymaking in the EU.
Q: Are there update delays or limitations?
A: The Communication CPI is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated source data.
Related Trends
Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for European Union (27 Countries from 2020)
CP0722EU272020M086NEST
Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for European Union (27 Countries from 2020)
CP0512EU272020M086NEST
Harmonized Index of Consumer Prices: Maintenance and Repair of Other Major Durables for Recreation and Culture for European Union (28 Countries)
CP0923EU28M086NEST
Harmonized Index of Consumer Prices: Passenger Transport by Road for Euro Area (19 Countries)
CP0732EZ19M086NEST
Production: Industry: Total industry: Total industry excluding construction for the European Union
EU28PRINTO01GYSAM
Employed Population: Aged 15-64: All Persons for the European Union
LFEM64TTEUA647N
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Communication (COICOP 08): Total for the European Union (EU28CPHP0800IXEBM), retrieved from FRED.