Harmonized Index of Consumer Prices: Financial Services N.e.c. for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1260E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.59
Year-over-Year Change
3.05%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Financial Services N.e.c. for European Economic Area (EEA18-2004, EEA28-2006, EEA30) measures the change in prices for financial services in the EEA region over time. This metric is crucial for economists and policymakers to assess inflation and the cost of living for consumers.
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
This index tracks the prices of various financial services such as insurance, banking, and investment products across the European Economic Area. It is a key indicator of inflationary pressures and consumer purchasing power in the region.
Methodology
The data is collected through surveys of consumers and businesses to calculate a harmonized index across EEA countries.
Historical Context
Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The index uses a 2015 base year.
- It covers 30 countries in the European Economic Area.
- Financial services make up approximately 4% of the EEA consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of financial services, including insurance, banking, and investment products, across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing inflationary pressures and the cost of living for consumers in the EEA region, which is important for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses to calculate a harmonized index across EEA countries.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability in the European Economic Area.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Financial Services N.e.c. for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1260E3CCM086NEST), retrieved from FRED.