Harmonized Index of Consumer Prices: Personal Care for European Union (27 Countries from 2020)
CP1210EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.53
Year-over-Year Change
1.94%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Personal Care tracks changes in the prices paid by European Union (EU) consumers for personal care items. This metric is a key indicator of inflation and consumer spending trends within the EU.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across EU member states. The Personal Care component specifically monitors price changes for items like toiletries, cosmetics, and hairstyling products.
Methodology
The HICP data is collected through surveys of consumer expenditures and prices reported by national statistical agencies.
Historical Context
Policymakers and economists use the HICP to assess price stability and guide monetary policy decisions within the European Union.
Key Facts
- The HICP is a monthly indicator published by Eurostat.
- Personal care accounts for around 3% of the total EU consumer basket.
- Prices for personal care items have risen by 15% in the EU since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Personal Care tracks changes in the prices paid by European Union consumers for toiletries, cosmetics, and other personal care products.
Q: Why is this trend relevant for users or analysts?
A: The personal care HICP is an important indicator of consumer spending and inflationary pressures within the EU economy.
Q: How is this data collected or calculated?
A: The HICP data is collected through consumer expenditure surveys and price reports from national statistical agencies across the EU.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank monitor the HICP, including the personal care component, to assess price stability and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP personal care data is published monthly with a lag of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Personal Care for European Union (27 Countries from 2020) (CP1210EU272020M086NEST), retrieved from FRED.