Production: Construction: Total construction: Total for the European Union
Index 2015=100
EU28PRCNTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.80
Year-over-Year Change
3.45%
Date Range
1/1/1993 - 7/1/2018
Summary
The 'Index 2015=100' trend measures the harmonized index of consumer prices for the European Union, with 2015 as the base year. This metric is crucial for tracking inflation and guiding monetary policy decisions.
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 EU 'Index 2015=100' is a harmonized index of consumer prices (HICP) that provides a comparable measure of inflation across European Union member states. Economists and policymakers rely on this index to assess the overall price level and make informed decisions about monetary and fiscal policies.
Methodology
The HICP data is collected through surveys of consumer expenditures and prices by national statistical agencies across the EU.
Historical Context
Central banks, such as the European Central Bank, use the HICP index to monitor price stability and guide their policy actions.
Key Facts
- The base year for the index is 2015, with a value of 100.
- The index covers the 28 member states of the European Union.
- The HICP is a key indicator used by the European Central Bank to assess price stability.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100' trend measures the harmonized index of consumer prices (HICP) for the European Union, with 2015 as the base year. It provides a comparable measure of inflation across EU member states.
Q: Why is this trend relevant for users or analysts?
A: The HICP index is crucial for tracking inflation and guiding monetary policy decisions by central banks, such as the European Central Bank, which uses it to assess price stability.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and prices by national statistical agencies across the EU.
Q: How is this trend used in economic policy?
A: Central banks, such as the European Central Bank, use the HICP index to monitor price stability and guide their policy actions, including decisions about interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with a typical lag of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2015=100 (EU28PRCNTO01IXOBSAM), retrieved from FRED.