Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
ELGAS0E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.31
Year-over-Year Change
1.39%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy tracks changes in the prices of these utilities for the European Economic Area. This key indicator helps policymakers and analysts assess cost-of-living trends and inflationary pressures.
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 measure of consumer price inflation across Europe, used to evaluate economic and monetary policies. The Electricity, Gas, Solid Fuels and Heat Energy component specifically monitors changes in utility costs, which significantly impact household budgets and can drive overall inflation.
Methodology
The data is collected through surveys of consumer expenditures and utility prices across participating European countries.
Historical Context
Policymakers and central banks rely on this HICP data to inform decisions on interest rates, fiscal measures, and other economic interventions.
Key Facts
- The HICP is a key economic indicator for the European Union.
- Utility costs account for a significant portion of household budgets.
- The EEA includes 30 countries as of 2006.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy tracks changes in the prices of these key utilities across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: Utility costs are a major component of household budgets, and changes in these prices can significantly impact overall consumer inflation, making this HICP data crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and utility prices across participating European countries.
Q: How is this trend used in economic policy?
A: Policymakers and central banks rely on this HICP data to inform decisions on interest rates, fiscal measures, and other economic interventions aimed at managing inflation and cost-of-living pressures.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month lag, and the series covers the 30 countries of the European Economic Area.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (ELGAS0E3CCM086NEST), retrieved from FRED.