Harmonized Index of Consumer Prices: Solid Fuels for European Union (28 Countries)
CP0454EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.29
Year-over-Year Change
0.77%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Solid Fuels in the European Union (28 countries) measures the price changes of household heating and energy sources. This trend is a key indicator of inflation and consumer spending patterns.
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 Solid Fuels tracks the monthly price changes of coal, coke, and other solid fuel products used for residential heating and power generation. This index is a component of the broader HICP, which is the standard measure of inflation across the EU.
Methodology
The HICP data is collected through surveys of consumer prices from retailers and service providers across the EU member states.
Historical Context
The HICP for Solid Fuels provides important context for energy and climate policy, as well as analyses of consumer spending and inflationary pressures.
Key Facts
- The HICP for Solid Fuels accounts for 0.35% of the total HICP basket.
- Solid fuel prices rose 15.2% year-over-year in the EU28 as of the latest data.
- Coal and coke make up the majority of the Solid Fuels HICP index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Solid Fuels measures the monthly price changes of coal, coke, and other solid fuel products used for residential heating and power generation in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Solid Fuels is a key indicator of inflation and consumer spending patterns, providing important context for energy and climate policy as well as analyses of inflationary pressures.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer prices from retailers and service providers across the EU member states.
Q: How is this trend used in economic policy?
A: The HICP for Solid Fuels is used by policymakers, economists, and market analysts to assess inflationary pressures, consumer spending, and the impact of energy policies.
Q: Are there update delays or limitations?
A: The HICP for Solid Fuels data is typically published with a 1-2 month lag, and may be subject to revisions by statistical agencies.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Solid Fuels for European Union (28 Countries) (CP0454EU28M086NEST), retrieved from FRED.