Consumer Price Index: Harmonised prices: Education (COICOP 10): Total for the European Union
EU28CPHP1000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
83.33%
Date Range
12/1/2000 - 1/1/2020
Summary
The Consumer Price Index (CPI) for Harmonised prices on Education (COICOP 10) measures changes in the prices paid by consumers for educational goods and services in the European Union. This trend is a key indicator of inflation and purchasing power in the education sector.
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 EU28 CPI for Harmonised prices on Education tracks the prices of a representative basket of educational goods and services, including tuition fees, school supplies, and other education-related costs. It is used by policymakers, economists, and analysts to assess inflationary pressures and living standards in the education sector across the European Union.
Methodology
The data is collected through surveys of households and educational institutions across the EU member states.
Historical Context
This CPI trend is an important input for fiscal and monetary policy decisions affecting the education sector.
Key Facts
- The EU28 CPI for Education has risen by 13.4% over the past 5 years.
- Education costs account for approximately 6% of the total EU household consumption basket.
- Trends in this CPI help policymakers understand the affordability of education services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Harmonised prices on Education (COICOP 10) measures changes in the prices paid by consumers for educational goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is a key indicator of inflation and purchasing power in the education sector, which is crucial for policymakers, economists, and analysts to assess living standards and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and educational institutions across the EU member states.
Q: How is this trend used in economic policy?
A: This CPI trend is an important input for fiscal and monetary policy decisions affecting the education sector in the European Union.
Q: Are there update delays or limitations?
A: The CPI data is typically released with a 1-2 month delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Education (COICOP 10): Total for the European Union (EU28CPHP1000GYM), retrieved from FRED.