Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Euro Area (19 Countries)
SERV00EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.75
Year-over-Year Change
3.29%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services measures changes in the prices of services in the Euro Area. This key economic indicator provides insights into inflation trends and consumer demand.
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 HICP Services index tracks the prices of a representative basket of services consumed by households in the 19 countries of the Euro Area. It excludes the prices of goods, focusing solely on services which account for a significant portion of household spending.
Methodology
The index is calculated based on harmonized survey data collected by national statistical agencies.
Historical Context
HICP Services is closely monitored by the European Central Bank to inform monetary policy decisions.
Key Facts
- Services account for over 60% of household spending in the Euro Area.
- HICP Services rose 3.5% year-over-year as of the latest data.
- The index is calculated using a common methodology across Euro Area countries.
FAQs
Q: What does this economic trend measure?
A: The HICP Services index measures changes in the prices of services consumed by households in the Euro Area, excluding the prices of goods.
Q: Why is this trend relevant for users or analysts?
A: HICP Services provides important insights into service sector inflation and consumer demand, which are crucial factors for monetary policy and economic analysis in the Euro Area.
Q: How is this data collected or calculated?
A: The index is calculated based on harmonized survey data collected by national statistical agencies across the Euro Area countries.
Q: How is this trend used in economic policy?
A: The European Central Bank closely monitors HICP Services to inform its monetary policy decisions aimed at maintaining price stability in the Euro Area.
Q: Are there update delays or limitations?
A: HICP Services data is published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Euro Area (19 Countries) (SERV00EZ19M086NEST), retrieved from FRED.