Consumer Price Index: Harmonised prices: Health (COICOP 06): Total for the European Union
Index Eurostat base
EU28CPHP0600IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.61
Year-over-Year Change
1.22%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index Eurostat base measures the price level of consumer goods and services in the European Union compared to a base year. It is a key economic indicator used to track inflation and purchasing power.
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 Index Eurostat base is a price index that compares the current cost of a fixed basket of consumer goods and services to the cost of that same basket in a base year, typically set to 100. It provides insight into changes in the overall price level across the EU member states.
Methodology
The index is calculated by Eurostat based on consumer price data collected across the European Union.
Historical Context
The Index Eurostat base is used by policymakers, economists, and market analysts to assess inflationary trends and guide economic policy decisions.
Key Facts
- The base year for the Index Eurostat base is typically set to 100.
- The index covers all 28 member states of the European Union.
- It is published monthly by Eurostat, the statistical office of the EU.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures the overall price level of consumer goods and services in the European Union compared to a base year.
Q: Why is this trend relevant for users or analysts?
A: The Index Eurostat base is a key indicator of inflation and purchasing power in the EU, providing important insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The index is calculated by Eurostat based on consumer price data collected across the European Union.
Q: How is this trend used in economic policy?
A: The Index Eurostat base is used by policymakers, central banks, and analysts to assess inflationary pressures and inform economic policy decisions in the EU.
Q: Are there update delays or limitations?
A: The Index Eurostat base is published monthly by Eurostat with minimal delays, providing timely information on price changes across the European Union.
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Citation
U.S. Federal Reserve, Index Eurostat base (EU28CPHP0600IXEBM), retrieved from FRED.