Harmonized Index of Consumer Prices: Insurance for Euro Area (18 countries)
CP1250EZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.83
Year-over-Year Change
1.60%
Date Range
12/1/1999 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices (HICP) for Insurance in the Euro Area (18 countries) measures price changes for insurance-related goods and services. This economic indicator is closely monitored by policymakers and analysts to assess inflationary pressures.
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 Insurance tracks the prices paid by consumers for a variety of insurance products, including auto, home, and life insurance. It is a key component of the broader HICP, which is the European Union's primary measure of consumer price inflation.
Methodology
The data is collected through surveys of households and businesses across the Euro Area.
Historical Context
The HICP for Insurance is used by the European Central Bank and other policymakers to inform monetary policy decisions.
Key Facts
- The Euro Area HICP for Insurance has a base year of 2015.
- Insurance prices account for approximately 3% of the total HICP basket.
- The HICP for Insurance is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Insurance in the Euro Area (18 countries) measures the changes in prices paid by consumers for insurance-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Insurance is a key indicator of inflationary pressures in the Euro Area and is closely monitored by policymakers and economists to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses across the Euro Area.
Q: How is this trend used in economic policy?
A: The HICP for Insurance is used by the European Central Bank and other policymakers to assess inflationary conditions and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Insurance is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance for Euro Area (18 countries) (CP1250EZ18M086NEST), retrieved from FRED.