Consumer Price Index: Harmonised Prices: Miscellaneous Goods and Services (COICOP 12): Total for the Euro Area (19 Countries)
EA19CPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
266.67%
Date Range
2/1/1996 - 1/1/2023
Summary
The Harmonised Consumer Price Index (HICP) Miscellaneous Goods and Services measures price changes for a range of consumer items in the Eurozone, providing insight into overall inflation trends.
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 Miscellaneous Goods and Services index tracks the prices of a basket of consumer products and services that do not fall into other major HICP categories, such as recreation, education, and personal care items. This index is a key component of the broader HICP, which is the primary inflation measure used by the European Central Bank.
Methodology
The data is collected through surveys of consumer prices across Eurozone countries.
Historical Context
The HICP Miscellaneous Goods and Services index helps policymakers and analysts assess inflationary pressures in the Eurozone economy.
Key Facts
- The Eurozone has 19 member countries.
- Miscellaneous goods and services account for around 13% of the HICP basket.
- The HICP is measured monthly and published with a lag of about 2 weeks.
FAQs
Q: What does this economic trend measure?
A: The HICP Miscellaneous Goods and Services index measures price changes for a range of consumer items in the Eurozone, including recreation, education, and personal care products.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into overall inflation pressures in the Eurozone economy, which is crucial information for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across Eurozone countries.
Q: How is this trend used in economic policy?
A: The HICP Miscellaneous Goods and Services index is a key component of the broader HICP, which is the primary inflation measure used by the European Central Bank to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP is measured monthly and published with a lag of about 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised Prices: Miscellaneous Goods and Services (COICOP 12): Total for the Euro Area (19 Countries) (EA19CPHP1200GPM), retrieved from FRED.