Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for European Union (27 Countries from 2020)
CP8283EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.09
Year-over-Year Change
-2.50%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services tracks price changes in telecommunications goods and services across the European Union. This metric is a key indicator of inflationary pressures and consumer purchasing power in the EU.
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 Telephone and Telefax Equipment and Services is a subcomponent of the broader HICP, which measures the changes in consumer prices across a basket of goods and services. This specific index focuses on price trends in the telecommunications sector, providing insights into the affordability and accessibility of communication technologies for EU consumers.
Methodology
The data is collected through surveys of consumer prices conducted by national statistical agencies across the EU member states.
Historical Context
This index is closely monitored by policymakers, central banks, and economic analysts to assess the state of the EU consumer economy and guide macroeconomic policies.
Key Facts
- The HICP for Telephone and Telefax Equipment and Services is a subindex of the broader Harmonized Index of Consumer Prices (HICP).
- The index tracks price changes in a basket of telecommunications goods and services across the 27 member states of the European Union.
- This metric is used by policymakers and analysts to assess inflationary pressures and consumer purchasing power in the EU telecommunications sector.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services measures the changes in consumer prices for telecommunications goods and services across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer purchasing power in the EU telecommunications sector, which is critical information for policymakers, central banks, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: The HICP for Telephone and Telefax Equipment and Services is closely monitored by policymakers, central banks, and economic analysts to assess the state of the EU consumer economy and guide macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in the release of the latest figures due to the time required for national agencies to collect and aggregate the underlying price data.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for European Union (27 Countries from 2020) (CP8283EU272020M086NEST), retrieved from FRED.