Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for European Union (27 Countries from 2020)
SERV00EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.17
Year-over-Year Change
3.60%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for the European Union (27 Countries from 2020) measures changes in the prices of services consumed by households in the EU.
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
This index tracks the prices of a basket of services, excluding goods, that are representative of household consumption patterns across the EU. It is a key economic indicator used to monitor inflation and guide monetary policy decisions.
Methodology
The data is collected by national statistical agencies and compiled by Eurostat using harmonized methodology.
Historical Context
Policymakers and analysts use this index to assess price stability and make informed economic decisions.
Key Facts
- Tracks changes in service prices, excluding goods, in the EU.
- A key input for the European Central Bank's monetary policy decisions.
- Published monthly by Eurostat with a 1-month lag.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of services consumed by households in the European Union, excluding the prices of goods.
Q: Why is this trend relevant for users or analysts?
A: This index is a critical indicator of inflationary pressures in the EU and helps guide monetary policy decisions by the European Central Bank.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and compiled by Eurostat using harmonized methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess price stability and make informed decisions about monetary policy in the European Union.
Q: Are there update delays or limitations?
A: This index is published monthly by Eurostat with a 1-month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for European Union (27 Countries from 2020) (SERV00EU272020M086NEST), retrieved from FRED.