Harmonized Index of Consumer Prices: Repair of Audio-Visual, Photographic and Information Processing Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0915E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.32
Year-over-Year Change
2.13%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Repair of Audio-Visual, Photographic and Information Processing Equipment measures the price changes of consumer goods and services related to repair and maintenance of electronic devices in the European Economic Area.
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 set of consumer price indices calculated and published by Eurostat and the national statistical institutes in the European Union. This specific HICP index tracks the cost of repairing and maintaining consumer electronics and IT equipment, providing insight into a key component of household spending.
Methodology
The HICP data is collected through consumer surveys and compiled using harmonized methodologies across European countries.
Historical Context
HICP trends are closely monitored by policymakers and analysts to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The HICP covers 28 European countries as of 2006.
- Repair costs make up a small but important portion of household budgets.
- HICP data is used to set the European Central Bank's inflation target.
FAQs
Q: What does this economic trend measure?
A: This HICP index measures the price changes of consumer goods and services related to the repair and maintenance of audio-visual, photographic, and information processing equipment in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: The HICP for repair of electronic devices provides insight into a key component of household spending, which is monitored closely by policymakers and economists to assess inflationary pressures.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer surveys and compiled using harmonized methodologies across European countries.
Q: How is this trend used in economic policy?
A: HICP data, including this repair services index, is used by the European Central Bank to set inflation targets and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: HICP data is typically published on a monthly basis with a short lag, providing timely information on inflationary trends in the European Economic Area.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Audio-Visual, Photographic and Information Processing Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0915E3CCM086NEST), retrieved from FRED.