Consumer Price Index: Harmonised prices: Education (COICOP 10): Total for the European Union
Index 2015=100
EU28CPHP1000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.25
Year-over-Year Change
1.12%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index 2015=100 measures the harmonized consumer price index for the European Union (EU28), with 2015 as the base year. This key economic indicator tracks changes in the cost of a basket of consumer goods and services, providing insights into inflation and purchasing power.
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 Index 2015=100 is a harmonized consumer price index (HICP) that measures the average change over time in the prices paid by households for a basket of consumer goods and services. It is a widely used benchmark for assessing the rate of inflation in the European Union and guiding monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices by national statistical agencies across the EU member states.
Historical Context
Policymakers and analysts closely monitor the Index 2015=100 to understand the economic climate and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the Index 2015=100 is 2015.
- The index measures price changes for a basket of over 300 consumer goods and services.
- The Index 2015=100 is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures the harmonized consumer price index for the European Union (EU28), with 2015 as the base year. It tracks changes in the cost of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Index 2015=100 is a key economic indicator that provides insights into inflation and purchasing power in the European Union, which is crucial for policymakers and analysts to make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Index 2015=100 to understand the economic climate and make informed decisions about monetary and fiscal policies in the European Union.
Q: Are there update delays or limitations?
A: The Index 2015=100 is published monthly by Eurostat, the statistical office of the European Union, with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100 (EU28CPHP1000IXOBM), retrieved from FRED.