Harmonized Index of Consumer Prices: Telephone and Telefax Services for European Union
CP0830EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.70
Year-over-Year Change
-1.59%
Date Range
12/1/2016 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services measures changes in the prices paid by consumers in the European Union for communication services. This key economic indicator provides insights into inflation and consumer spending patterns.
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 component of the broader HICP, which tracks the changes in prices of a basket of consumer goods and services across the EU. This specific index focuses on the cost of communication services, an important aspect of household budgets and a barometer of the broader economic climate.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers and analysts use this HICP component to assess inflationary pressures and guide monetary and fiscal policies.
Key Facts
- The HICP for Telephone and Telefax Services is a subcomponent of the broader HICP.
- The index tracks changes in consumer prices for communication services in the European Union.
- This metric is used by policymakers to assess inflationary pressures and guide economic policies.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services measures changes in the prices paid by consumers in the European Union for communication services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflation and consumer spending patterns, which are important for policymakers and analysts to assess the broader economic climate.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess inflationary pressures and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by Eurostat, with occasional delays or limitations due to the underlying data collection process.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Services for European Union (CP0830EUCCM086NEST), retrieved from FRED.