Consumer Price Index: Harmonised prices: Education (COICOP 10): Total for the European Union
Index Eurostat base
EU28CPHP1000IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.25
Year-over-Year Change
1.12%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index Eurostat base measures changes in the overall price level of consumer goods and services in the European Union. It is a key indicator of inflation and economic health for the region.
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 harmonized index of consumer prices (HICP) that tracks price movements of a representative basket of consumer goods and services in the 28 EU member states. It serves as an authoritative benchmark for assessing inflation and cost-of-living trends across the European Union.
Methodology
The index is calculated based on price data collected by national statistical institutes using common definitions and methodologies.
Historical Context
The Index Eurostat base is closely monitored by the European Central Bank and policymakers to guide monetary policy decisions.
Key Facts
- The base year for the Index Eurostat base is 2015 = 100.
- It covers household final monetary consumption expenditure in the EU28 countries.
- The index is published monthly by Eurostat, the EU's statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures changes in the overall price level of consumer goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of inflation and economic health for the EU region, closely monitored by policymakers and central banks.
Q: How is this data collected or calculated?
A: The index is calculated based on price data collected by national statistical institutes using common definitions and methodologies.
Q: How is this trend used in economic policy?
A: The Index Eurostat base is used by the European Central Bank and other policymakers to guide monetary policy decisions for the EU economy.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Index Eurostat base (EU28CPHP1000IXEBM), retrieved from FRED.