Harmonized Index of Consumer Prices: Cleaning, Repair and Hire of Clothing for Euro Area (19 Countries)
CP0314EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.89
Year-over-Year Change
3.17%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Cleaning, Repair and Hire of Clothing in the Euro Area (19 countries) measures price changes for clothing-related services.
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 is a standardized measure of inflation used across the Eurozone. This specific index tracks price movements for cleaning, repair, and clothing rental services, providing insight into this segment of consumer spending.
Methodology
The data is collected by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers and economists use this index to assess changes in the cost of living and consumer behavior.
Key Facts
- The index is reported monthly.
- It covers the 19 countries in the Eurozone.
- Clothing-related services account for a small portion of the overall HICP.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices charged for cleaning, repair, and hire of clothing in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a specific component of consumer spending and cost of living, which is useful for policymakers and economists analyzing inflation and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this index as part of their assessment of overall inflation and consumer price dynamics, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is reported monthly, with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Cleaning, Repair and Hire of Clothing for Euro Area (19 Countries) (CP0314EZ19M086NEST), retrieved from FRED.