Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP8283E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.93
Year-over-Year Change
-2.26%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services measures price changes for these goods and services in the European Economic Area (EEA). This index is a key indicator for monitoring consumer price inflation in the region.
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 standardized metric used to track and compare consumer price inflation across European countries. The Telephone and Telefax Equipment and Services index is one of the many HICP sub-indices, providing insights into price trends for these specific consumer items.
Methodology
The data is collected through consumer price surveys conducted by national statistical agencies and compiled by Eurostat.
Historical Context
Policymakers and economists use the HICP to guide monetary and fiscal policies aimed at maintaining price stability in the EEA.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- The HICP is used to set the European Central Bank's inflation target of below, but close to, 2% annually.
- The Telephone and Telefax Equipment and Services index has a weight of around 2.5% in the overall HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services measures changes in the prices paid by consumers for these goods and services in the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides insights into price inflation dynamics for an important consumer category, which is valuable for policymakers, economists, and market analysts seeking to understand broader price trends in the EEA.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies in EEA countries and then compiled by Eurostat to produce the harmonized HICP metric.
Q: How is this trend used in economic policy?
A: The HICP, including the Telephone and Telefax Equipment and Services sub-index, is a key input for the European Central Bank's monetary policy decisions aimed at maintaining price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of around 2 weeks. There are also occasional revisions to historical data as methodologies are refined.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP8283E3CCM086NEST), retrieved from FRED.