Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for European Union
CP0820EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.97
Year-over-Year Change
-7.62%
Date Range
12/1/2016 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment measures price changes for these consumer goods in the European Union. It is a key indicator of inflation trends and helps guide monetary policy decisions.
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 standardized measure of consumer price inflation across European Union countries. The Telephone and Telefax Equipment component tracks the prices paid by consumers for these durable goods, which are an important part of household budgets.
Methodology
The HICP data is collected through surveys of consumer purchases and retail outlets across the EU.
Historical Context
Policymakers at the European Central Bank monitor HICP trends closely to set interest rates and manage price stability.
Key Facts
- The HICP has been the EU's main inflation measure since 1997.
- Telephone and Telefax Equipment accounts for about 1% of the total HICP basket.
- Prices for these consumer goods fell by 2.3% in the EU over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment tracks the prices paid by consumers for these durable goods in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Telephone and Telefax Equipment is a key indicator of inflation trends and consumer spending patterns in the EU, which helps guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer purchases and retail outlets across the European Union.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank monitor HICP trends closely to set interest rates and manage price stability in the EU.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-week delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment for European Union (CP0820EUCCM086NEST), retrieved from FRED.