Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1212E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.68
Year-over-Year Change
1.02%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Electrical Appliances for Personal Care and Other Appliances, Articles and Products for Personal Care measures changes in the prices paid by consumers in the European Economic Area (EEA) for these household and personal care items.
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 economic indicator used to track inflation across the EEA. This specific index focuses on prices for a basket of personal care and household appliances, providing insights into consumer spending patterns and price dynamics in this segment of the economy.
Methodology
The data is collected through surveys of retailers and consumers across the EEA.
Historical Context
Policymakers and analysts use this HICP index to understand inflationary pressures and consumer behavior.
Key Facts
- The EEA includes 30 countries as of 2006.
- Personal care products account for a significant portion of household budgets.
- Tracking price changes in this sector helps economists gauge overall inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by consumers in the European Economic Area for electrical appliances and other personal care products.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides important insights into inflationary pressures and consumer spending patterns in the personal care and household appliances sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and consumers across the EEA.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to understand broader inflationary trends and consumer behavior, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a short delay, and the index composition may change over time as consumer spending patterns evolve.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electrical Appliances for Personal Care; Other Appliances, Articles and Products for Personal Care for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1212E3CCM086NEST), retrieved from FRED.