Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for European Union (28 Countries)
CP0440EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.76
Year-over-Year Change
2.30%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices for Water Supply and Miscellaneous Services Relating to the Dwelling in the European Union (28 countries) measures the cost of essential household services. This indicator is crucial for monitoring inflation and guiding economic policymaking.
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
This index tracks the prices of water supply, refuse collection, and other dwelling-related services in the EU. It is a component of the broader Harmonized Index of Consumer Prices, which is the standard measure of inflation across Europe used by central banks and governments.
Methodology
The data is collected monthly through household surveys and compiled by Eurostat.
Historical Context
Policymakers and analysts use this index to assess the cost of living and inflationary pressures on households.
Key Facts
- The index has a base year of 2015 = 100.
- Water supply accounts for the largest share of this index.
- Prices in this index have risen steadily since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures the prices of water supply, refuse collection, and other miscellaneous services related to housing in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and the cost of living for households, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected monthly through household surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and governments use this index to assess inflationary pressures and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for European Union (28 Countries) (CP0440EU28M086NEST), retrieved from FRED.