Harmonized Index of Consumer Prices: Telephone and Telefax Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0830E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.67
Year-over-Year Change
-1.46%
Date Range
12/1/2016 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services tracks changes in the prices paid by consumers for telecommunication services in the European Economic Area. This metric is a key indicator for monitoring consumer price inflation across Europe.
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 Telephone and Telefax Services is a subcomponent of the broader HICP, which measures the average change in prices for a basket of consumer goods and services. This specific index provides insight into price trends in the telecommunications sector, an important industry for both household and business expenditures.
Methodology
The data is collected by national statistical agencies and compiled by Eurostat to create a harmonized index across the EEA.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and consumer behavior in the telecommunications market.
Key Facts
- Covers 30 countries in the European Economic Area.
- Measured on a harmonized basis to enable cross-country comparisons.
- An important input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services tracks changes in the prices paid by consumers for telecommunication services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into price trends in the telecommunications sector, an important industry for both household and business expenditures. It is a key indicator for monitoring consumer price inflation across Europe.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and compiled by Eurostat to create a harmonized index across the EEA.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and consumer behavior in the telecommunications market, which is an important input for the European Central Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0830E3CCM086NEST), retrieved from FRED.