Harmonized Index of Consumer Prices: Education for European Union (28 Countries)
CP1000EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.02
Year-over-Year Change
1.55%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Education in the European Union (28 countries) measures the inflation experienced by households in the education sector across member states.
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. It provides a comparable measure of inflation to support monetary policy decisions and economic analysis.
Methodology
The HICP data is collected through surveys of consumer prices from a representative basket of goods and services.
Historical Context
Policymakers and economists use the HICP education index to assess inflationary pressures and the impact on household budgets.
Key Facts
- The HICP education index covers tuition fees, books, supplies, and other education-related expenses.
- The index is calculated using a common methodology across the 28 EU member states.
- Monitoring education costs is important for understanding the overall cost of living and household budgets.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Education in the European Union (28 countries) measures the inflation experienced by households in the education sector across member states.
Q: Why is this trend relevant for users or analysts?
A: The HICP education index is an important indicator for policymakers and economists to assess inflationary pressures and the impact on household budgets.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer prices from a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the HICP education index to monitor inflation and its impact on the cost of living.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short delay, providing timely information on education costs.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Education for European Union (28 Countries) (CP1000EU28M086NEST), retrieved from FRED.