Harmonized Index of Consumer Prices: Audio-Visual, Photographic and Information Processing Equipment for European Union (28 Countries)
CP0910EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.44
Year-over-Year Change
-4.43%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Audio-Visual, Photographic and Information Processing Equipment tracks changes in the prices of consumer electronics and related products in the European Union (28 countries). This data provides insight into consumer demand and technological trends.
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 measure of inflation compiled by Eurostat, the statistical office of the European Union. The Audio-Visual, Photographic and Information Processing Equipment component specifically monitors price changes for a basket of consumer electronics, computers, cameras, and related products and services.
Methodology
The HICP data is collected through consumer price surveys conducted by national statistical agencies across the EU.
Historical Context
Economists and policymakers use this index to assess inflationary pressures and consumer behavior in the technology sector.
Key Facts
- The HICP has a base year of 2015 = 100.
- Prices for consumer electronics have generally declined over the past decade.
- The EU-28 countries include the 27 EU member states plus the United Kingdom.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Audio-Visual, Photographic and Information Processing Equipment measures changes in the prices of consumer electronics and related products in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into consumer demand and technological trends, which is useful for economists and policymakers assessing inflationary pressures and consumer behavior in the technology sector.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor inflationary pressures and consumer behavior in the technology sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Audio-Visual, Photographic and Information Processing Equipment for European Union (28 Countries) (CP0910EU28M086NEST), retrieved from FRED.