Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0444E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.32
Year-over-Year Change
1.13%
Date Range
12/1/2000 - 12/1/2015
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Services Relating to the Dwelling N.e.c. tracks changes in the price of miscellaneous dwelling services in the European Economic Area. This metric provides insight into a key component of consumer inflation across Europe.
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 for Other Services Relating to the Dwelling N.e.c. measures the price changes of a variety of dwelling-related services not captured in other HICP categories, such as chimney sweeping, pest control, and municipal services. This index is a valuable indicator of inflationary pressures in the housing sector for policymakers and economists.
Methodology
The data is collected through consumer price surveys across the European Economic Area.
Historical Context
The HICP is a widely used metric to inform monetary policy decisions by the European Central Bank.
Key Facts
- The HICP for Other Services Relating to the Dwelling N.e.c. is a component of the overall HICP basket.
- This index covers a range of miscellaneous dwelling services not included in other HICP categories.
- The HICP is a key economic indicator used by the European Central Bank to monitor inflation.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Services Relating to the Dwelling N.e.c. measures changes in the price of miscellaneous dwelling services in the European Economic Area, such as chimney sweeping, pest control, and municipal services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into a key component of consumer inflation across Europe, which is important for policymakers and economists monitoring inflationary pressures in the housing sector.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys across the European Economic Area.
Q: How is this trend used in economic policy?
A: The HICP is a widely used metric to inform monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0444E3CCM086NEST), retrieved from FRED.