Harmonized Index of Consumer Prices: Services Related to Housing for European Union (27 Countries from 2020)
SERVHOEU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.64
Year-over-Year Change
3.68%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Services Related to Housing tracks changes in the cost of housing-related services in the European Union. This metric is a key indicator of inflationary pressures and household living expenses.
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 Services Related to Housing index is a component of the broader Harmonized Index of Consumer Prices (HICP), which measures the change in prices of a basket of consumer goods and services across the EU. This housing services metric provides insight into a significant portion of household budgets.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies.
Historical Context
Policymakers at the European Central Bank monitor HICP trends closely to inform monetary policy decisions.
Key Facts
- The EU's HICP has a 12% weight for housing-related services.
- Housing costs are a major driver of household expenditures.
- The Services Related to Housing index helps track changes in a key component of the cost of living.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Services Related to Housing tracks changes in the cost of housing-related services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a significant portion of household budgets and is a key indicator of inflationary pressures facing consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank monitor HICP trends closely to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insight into housing service costs.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Housing for European Union (27 Countries from 2020) (SERVHOEU272020M086NEST), retrieved from FRED.