Consumer Price Index: Harmonized Prices: Services: Total for France
FRACPHPSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-350.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Services: Total for France measures the change in prices of services in France over time, adjusting for differences in national methodologies 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
This harmonized price index for France's service sector is a key indicator of inflationary pressures and consumer purchasing power. It is used by policymakers and analysts to understand trends in the French economy and guide economic decision-making.
Methodology
Data is collected through surveys of consumer transactions and service providers.
Historical Context
The index is a important input for the European Central Bank's monetary policy decisions.
Key Facts
- Harmonized to allow cross-country comparisons in the EU.
- Base year is 2015 = 100.
- Published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of consumer services in France, adjusted to harmonize methodologies across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The service sector CPI is a key indicator of inflationary pressures and consumer purchasing power in the French economy, making it important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and service providers across France.
Q: How is this trend used in economic policy?
A: This harmonized services inflation metric is a key input for the European Central Bank's monetary policy decisions impacting the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with minimal publication delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Services: Total for France (FRACPHPSE01GPM), retrieved from FRED.