Harmonized Index of Consumer Prices: Services, Miscellaneous for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
SERVMIE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.71
Year-over-Year Change
4.03%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services, Miscellaneous in the European Economic Area (EEA) measures changes in the prices of a basket of consumer services. This trend is a key indicator of inflation and consumer spending in 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
The HICP Services, Miscellaneous index tracks the prices of a wide range of services, including personal care, social protection, insurance, and financial services. It is a crucial metric for evaluating the economic health and price stability of the EEA.
Methodology
The European Union's statistical agency, Eurostat, collects and calculates the HICP data from member states.
Historical Context
Policymakers and central banks use this HICP trend to monitor inflationary pressures and inform monetary policy decisions.
Key Facts
- The EEA includes 30 countries, including all EU member states plus Iceland, Liechtenstein, and Norway.
- The HICP is the primary inflation measure used by the European Central Bank to guide monetary policy.
- Services account for over 60% of the EEA's total consumer expenditure.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services, Miscellaneous measures changes in the prices of a basket of consumer services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This HICP trend is a crucial indicator of inflation and consumer spending in the EEA, providing insights into economic health and price stability that are used by policymakers and central banks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this HICP trend to monitor inflationary pressures and inform monetary policy decisions in the EEA.
Q: Are there update delays or limitations?
A: The HICP data is typically published monthly with a short lag, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services, Miscellaneous for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (SERVMIE3CCM086NEST), retrieved from FRED.