Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Germany
CP0440DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.20
Year-over-Year Change
4.11%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Water Supply and Miscellaneous Services Relating to the Dwelling in Germany measures price changes for a basket of household utility services. This metric provides insight into inflationary pressures and consumer purchasing power within the German economy.
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 consumer price inflation across the European Union. The Water Supply and Miscellaneous Services Relating to the Dwelling component tracks the prices of utilities like water, waste collection, and other dwelling maintenance services. Economists and policymakers use this index to assess the cost of living and evaluate monetary policy.
Methodology
The German Federal Statistical Office collects price data from a representative sample of households and businesses to calculate the HICP.
Historical Context
The HICP is a key economic indicator used by the European Central Bank to set interest rates and guide fiscal policies.
Key Facts
- The HICP tracks a basket of over 300 consumer goods and services.
- Germany is the largest economy in the Eurozone.
- Utility costs make up around 4% of the average German household budget.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Water Supply and Miscellaneous Services Relating to the Dwelling in Germany measures the change in prices for a basket of household utility services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and consumer purchasing power within the German economy, which is a key driver of Eurozone economic performance.
Q: How is this data collected or calculated?
A: The German Federal Statistical Office collects price data from a representative sample of households and businesses to calculate the HICP.
Q: How is this trend used in economic policy?
A: The HICP is a key economic indicator used by the European Central Bank to set interest rates and guide fiscal policies across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Germany (CP0440DEM086NEST), retrieved from FRED.