Consumer Price Index: Harmonised Prices: Actual Rentals for Housing: Total for the Euro Area (19 Countries)
EA19CPHPHO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
100.00%
Date Range
2/1/1996 - 1/1/2023
Summary
The Consumer Price Index: Harmonised Prices: Actual Rentals for Housing: Total for the Euro Area (19 Countries) tracks changes in the price of rental housing across the Eurozone. This metric is a key indicator of inflation and cost-of-living dynamics for policymakers and economists.
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 series measures the change in prices paid by consumers for the actual rents of primary residences across the 19 countries that make up the Eurozone. It is an important component of the Harmonised Index of Consumer Prices (HICP), which is the European Central Bank's primary inflation gauge.
Methodology
The data is collected through household surveys and other sources by Eurostat, the European Union's statistical agency.
Historical Context
Rental prices are a major driver of overall consumer price inflation, so this metric is closely watched by central banks and policymakers.
Key Facts
- Rental costs make up around 23% of the Eurozone HICP basket.
- Rental price inflation has averaged 1.5% annually over the past decade.
- Housing costs are a major driver of cost-of-living changes for Eurozone consumers.
FAQs
Q: What does this economic trend measure?
A: This trend tracks changes in the prices consumers pay for actual rental housing across the 19 countries that make up the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: Rental prices are a key driver of overall consumer inflation in the Eurozone, so this metric is closely watched by central banks, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use this rental price index as an input to set monetary policy and assess the cost-of-living dynamics in the Eurozone.
Q: Are there update delays or limitations?
A: The rental price index is published monthly by Eurostat with a lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised Prices: Actual Rentals for Housing: Total for the Euro Area (19 Countries) (EA19CPHPHO01GPM), retrieved from FRED.