Consumer Price Index: Harmonised prices: Furnishings, household equip. and routine household maintenance (COICOP 05): Total for the European Union
Index Eurostat base
EU28CPHP0500IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.32
Year-over-Year Change
0.58%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index Eurostat base measures the harmonized consumer price index for the European Union (EU-28) using a base year of 2015. This key economic indicator tracks changes in the overall price level of consumer goods and services, providing insight into inflation and cost-of-living 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Index Eurostat base specifically uses 2015 as the base year to track price changes over time, enabling comparisons between EU member states and evaluation of the region's economic performance.
Methodology
The HICP data is collected through household surveys and retail price monitoring by national statistical agencies across the EU.
Historical Context
The Index Eurostat base is closely monitored by the European Central Bank and policymakers to inform monetary policy decisions and economic management.
Key Facts
- The base year for the Index Eurostat base is 2015.
- The index tracks consumer prices across the 28 member states of the European Union.
- Inflation data from the HICP is a key input for European Central Bank monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures the harmonized consumer price index (HICP) for the European Union, tracking changes in the overall price level of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Index Eurostat base provides important insights into inflation and cost-of-living trends across the EU, which are closely monitored by policymakers and central banks to inform economic management and monetary policy decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected through household surveys and retail price monitoring by national statistical agencies across the European Union member states.
Q: How is this trend used in economic policy?
A: The Index Eurostat base is a key input for the European Central Bank's monetary policy decisions, as it provides a standardized measure of inflation across the EU.
Q: Are there update delays or limitations?
A: The Index Eurostat base data is published monthly with a relatively short time lag, providing timely insights into EU-wide inflation trends.
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Citation
U.S. Federal Reserve, Index Eurostat base (EU28CPHP0500IXEBM), retrieved from FRED.