Consumer Price Index: Harmonised prices: Restaurants and hotels (COICOP 11): Total for the European Union
Index 2015=100
EU28CPHP1100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.38
Year-over-Year Change
2.35%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index 2015=100 measures the price level of consumer goods and services in the European Union, with 2015 as the base year. This key economic indicator provides insights into inflation and living standards across the EU.
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 price index that tracks the average change in prices paid by consumers in the 28 member states of the European Union. It is a widely used metric for analyzing EU-wide inflation, consumer purchasing power, and economic conditions.
Methodology
The index is calculated by the European Union's statistical agency, Eurostat, based on a survey of consumer prices.
Historical Context
Policymakers and economists closely monitor the Index 2015=100 to inform decisions on monetary policy, fiscal measures, and standards of living.
Key Facts
- The base year for the index is 2015.
- It covers all 28 member states of the European Union.
- The index is updated monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures the average change in prices paid by consumers for a basket of goods and services in the European Union, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: The Index 2015=100 is a key indicator of inflation and consumer purchasing power in the EU, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated by Eurostat based on a survey of consumer prices across the 28 EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Index 2015=100 to inform decisions on monetary policy, fiscal measures, and standards of living in the European Union.
Q: Are there update delays or limitations?
A: The Index 2015=100 is updated monthly by Eurostat, with no significant delays or limitations in the data.
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Citation
U.S. Federal Reserve, Index 2015=100 (EU28CPHP1100IXOBM), retrieved from FRED.