Harmonized Index of Consumer Prices: Other Services N.e.c. for European Union (27 Countries from 2020)
CP1270EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.97
Year-over-Year Change
3.64%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Other Services N.e.c. for European Union (27 Countries from 2020) measures changes in the prices of miscellaneous consumer services in the EU. This metric is crucial for understanding overall inflation trends and guiding monetary policy decisions.
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 a basket of consumer services in the European Union that are not categorized elsewhere, such as personal care, social protection, and financial services. Economists and policymakers use this data to assess inflationary pressures and the overall cost of living for EU households.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Central banks and finance ministries closely monitor this index to inform decisions about interest rates, tax policy, and other economic interventions.
Key Facts
- The index uses 2015 as its base year.
- It covers 27 EU member states as of 2020.
- Other Services N.e.c. account for about 15% of the total HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Services N.e.c. for European Union (27 Countries from 2020) measures changes in the prices of miscellaneous consumer services in the EU, excluding items that are categorized elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding overall inflation trends and guiding monetary policy decisions in the European Union.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor this index to inform decisions about interest rates, tax policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Services N.e.c. for European Union (27 Countries from 2020) (CP1270EU272020M086NEST), retrieved from FRED.