Harmonized Index of Consumer Prices: Services Related to Communication for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
SERVCOE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.49
Year-over-Year Change
-0.97%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Communication for European Economic Area (EEA18-2004, EEA28-2006, EEA30) measures changes in the prices of communication-related services for consumers in the European Economic Area. This key economic indicator helps policymakers and analysts assess inflation trends within the EEA.
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 communication services, including charges for telephone, internet, and postal services. It is a crucial component of the broader Harmonized Index of Consumer Prices, which serves as the primary gauge of inflation in the European Union and its member states.
Methodology
The data is collected through surveys of households and businesses across the EEA region.
Historical Context
Policymakers and central banks closely monitor this index to help guide monetary policy decisions within the European Union.
Key Facts
- The EEA encompasses 30 countries, including the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Communication services account for approximately 3.5% of the total Harmonized Index of Consumer Prices basket.
- The index uses 2015 as its base year, with a value of 100.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of communication-related services, such as telephone, internet, and postal services, for consumers in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial component of the broader Harmonized Index of Consumer Prices, which is the primary gauge of inflation in the European Union. It helps policymakers and analysts assess price trends in the communication services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses across the EEA region.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this index to help guide monetary policy decisions within the European Union.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Communication for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (SERVCOE3CCM086NEST), retrieved from FRED.