Harmonized Index of Consumer Prices: Education for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1000E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.34
Year-over-Year Change
4.83%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Education measures changes in the prices of educational goods and services in the European Economic Area. It is a key indicator used by policymakers to monitor inflation and guide economic 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 for Education is a component of the broader HICP, which tracks the prices of a representative basket of consumer goods and services across the EEA. The Education component specifically measures price changes for items like tuition fees, textbooks, and other educational expenses.
Methodology
The data is collected through surveys of households and educational institutions across the EEA.
Historical Context
Central banks and finance ministries use the HICP for Education to understand inflationary pressures in the education sector and assess the overall cost of living.
Key Facts
- The HICP for Education is a component of the broader HICP basket.
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Education accounts for around 1-2% of total household expenditure in the EEA.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Education measures changes in the prices of educational goods and services across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Education is a key indicator used by policymakers to monitor inflation and guide economic policy decisions related to the education sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and educational institutions across the EEA.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries use the HICP for Education to understand inflationary pressures in the education sector and assess the overall cost of living.
Q: Are there update delays or limitations?
A: The HICP for Education data is published regularly with minimal delays, providing timely insights into price movements in the education sector.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Education for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1000E3CCM086NEST), retrieved from FRED.