Harmonized Index of Consumer Prices: Goods and Services for Routine Household Maintenance for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0560E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.66
Year-over-Year Change
1.87%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Goods and Services for Routine Household Maintenance measures changes in the prices of household maintenance products and services across the European Economic Area.
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 key economic indicator used to track and compare inflation across European countries. The Household Maintenance sub-index provides insights into consumer spending on items like cleaning supplies, tools, and repair services.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies.
Historical Context
Policymakers and analysts use this index to assess household consumption patterns and cost-of-living trends.
Key Facts
- The HICP is the standard measure of inflation in the European Union.
- The Household Maintenance sub-index accounts for around 5% of the total HICP basket.
- This index can signal changes in household budgets and spending priorities.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Goods and Services for Routine Household Maintenance tracks changes in the prices of household maintenance products and services across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into household consumption patterns and cost-of-living trends, which are important for policymakers and economists analyzing inflation and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies across the European Economic Area.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess household spending and inflationary pressures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods and Services for Routine Household Maintenance for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0560E3CCM086NEST), retrieved from FRED.