Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Euro Area (18 countries)
CP0430EZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.65
Year-over-Year Change
10.18%
Date Range
12/1/1999 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of the Dwelling measures inflation in the cost of home maintenance and repairs in the Euro Area. This metric is a key indicator for assessing changes in consumer prices and the overall 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
The HICP Maintenance and Repair of the Dwelling trend tracks price changes for a basket of goods and services related to the upkeep and repair of residential dwellings in the 18 countries of the Euro Area. This is an important component of the broader HICP, which is used by the European Central Bank to monitor inflation and inform monetary policy decisions.
Methodology
The data is collected through consumer surveys and compiled by Eurostat.
Historical Context
HICP trends are closely watched by policymakers, economists, and financial markets to gauge inflationary pressures and consumer demand.
Key Facts
- The HICP is a key metric used by the European Central Bank to set monetary policy.
- Maintenance and repair costs account for around 4% of the overall HICP basket.
- HICP data is released on a monthly basis by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of the Dwelling measures changes in the cost of home maintenance and repairs in the Euro Area.
Q: Why is this trend relevant for users or analysts?
A: The HICP Maintenance and Repair of the Dwelling trend is an important component of the broader HICP, which is used by the European Central Bank to monitor inflation and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: HICP trends are closely watched by policymakers, economists, and financial markets to gauge inflationary pressures and consumer demand.
Q: Are there update delays or limitations?
A: HICP data is released on a monthly basis by Eurostat with minimal delays.
Related Trends
Harmonized Index of Consumer Prices: Dental Services for Euro Area (18 countries)
CP0622EZ18M086NEST
Activity Rate: Aged 55-64: Males for the Euro Area (19 Countries)
LRAC55MAEZQ156N
Employment Rate: Aged 15-24: Males for the Euro Area (19 Countries)
LREM24MAEZQ156S
Harmonized Index of Consumer Prices: Overall Index Excluding Liquid Fuels and Lubricants for Personal Transport Equipment for Euro Area (18 countries)
00XFUEEZ18M086NEST
Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for Euro Area (20 Countries)
CP092MI15EA20M086NEST
Activity Rate: Aged 55-64: All Persons for the Euro Area (19 Countries)
LRAC55TTEZA156N
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Euro Area (18 countries) (CP0430EZ18M086NEST), retrieved from FRED.