Harmonized Index of Consumer Prices: Solid Fuels for European Union
CP0454EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.63
Year-over-Year Change
-1.39%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Solid Fuels tracks changes in the price of solid fuels like coal and wood for consumers in the European Union. This metric is a key indicator of energy costs and inflation.
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 represents the price of solid fuel products purchased by households for heating and other uses. It is an important component of the overall HICP, which is the primary inflation indicator used by the European Central Bank to assess monetary policy.
Methodology
The data is collected through surveys of retailers and service providers by Eurostat, the European Union's statistical agency.
Historical Context
Policymakers and economists closely monitor the HICP Solid Fuels index to understand trends in energy affordability and their impact on consumer prices.
Key Facts
- HICP tracks price changes for a fixed basket of consumer goods.
- Solid fuels account for a significant portion of household energy budgets.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Solid Fuels measures the price changes of solid fuel products like coal and wood purchased by households in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of energy costs and overall inflation, which are crucial factors for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the HICP Solid Fuels index to understand trends in energy affordability and their impact on consumer prices.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with a typical delay of around one month.
Related Trends
Employed Population: Aged 55-64: Females for the European Union
LFEM55FEEUA657N
Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for European Union (27 Countries from 2020)
00XAP0EU272020M086NEST
Employment by Economic Activity: Agriculture: All Persons for the European Union
LFEAAGTTEUQ647N
Harmonized Index of Consumer Prices: Package Holidays for European Union (28 Countries)
CP0960EU28M086NEST
Total Employment by Professional Status: Employees for the European Union
LFESEETTEUQ647N
Harmonized Index of Consumer Prices: Transport for Euro Area (19 Countries)
CP0700EZ19M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Solid Fuels for European Union (CP0454EUCCM086NEST), retrieved from FRED.