Consumer Price Index: Harmonised prices: Energy: Total for the European Union
EU28CPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-200.00%
Date Range
1/1/2001 - 1/1/2020
Summary
The Consumer Price Index: Harmonised prices: Energy: Total for the European Union measures the overall price changes in the energy sector across the European Union. This key economic indicator is closely monitored by policymakers and analysts to assess inflationary pressures and the cost of living.
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
This index tracks the average change in prices for a basket of energy goods and services, including fuels, electricity, and other household energy costs. It provides a standardized, harmonized measure of energy inflation across the EU member states.
Methodology
The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Energy prices are a major driver of overall inflation and have significant implications for consumer spending, business costs, and economic policy.
Key Facts
- The index has a base year of 2015 = 100.
- Energy accounts for approximately 10% of the EU's harmonized consumer price index.
- Volatile energy prices can significantly impact the overall rate of inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures the harmonized changes in energy prices across the European Union, including fuels, electricity, and other household energy costs.
Q: Why is this trend relevant for users or analysts?
A: Energy prices are a major driver of overall inflation and have significant implications for consumer spending, business costs, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor this index to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is updated monthly by Eurostat, with a typical delay of several weeks.
Related Trends
Producer Prices Index: Total Nondurable Consumer Goods for the European Union
PITGND01EUQ661N
Consumer Price Index: Harmonised prices: Health (COICOP 06): Total for the European Union
EU28CPHP0600GPM
Imports: Value Goods for the European Union
XTIMVA01EUM667S
Harmonized Index of Consumer Prices: Postal Services for Euro Area (19 Countries)
CP0810EZ19M086NEST
Harmonized Index of Consumer Prices: Personal Care for European Union (27 Countries from 2020)
CP1210EU272020M086NEST
Harmonized Index of Consumer Prices: Beer for European Union (28 Countries)
CP0213EU28M086NEST
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Energy: Total for the European Union (EU28CPHPEN01GPM), retrieved from FRED.