Harmonized Index of Consumer Prices: Domestic Services and Household Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0562E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.88
Year-over-Year Change
3.88%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Domestic Services and Household Services in the European Economic Area (EEA) tracks price changes for services related to household maintenance and operation.
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 is a component of the overall Harmonized Index of Consumer Prices (HICP), a key economic indicator used to measure and monitor inflation across the EEA. The domestic services and household services index provides insights into price trends for a specific basket of consumer services.
Methodology
The data is collected through surveys of consumer prices by national statistics agencies across the EEA.
Historical Context
Policymakers and economists use this index to understand inflationary pressures and assess the health of the services sector.
Key Facts
- The EEA includes 30 countries as of 2023.
- Domestic services and household services account for about 8% of the overall HICP basket.
- This index uses 2015 as the base year for price comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Domestic Services and Household Services tracks price changes for a basket of consumer services related to household maintenance and operation in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and the health of the services sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistics agencies across the EEA.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor inflation and assess the overall state of the services sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Domestic Services and Household Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0562E3CCM086NEST), retrieved from FRED.