Prices - Euro-indicators
Prices: Consumer Prices / House prices
What is it about?
Largely used by individuals, government, businesses and academic, prices statistics are important indicators of how an economy is performing. Prices development are also considered to have broader macroeconomic implications. It is therefore essential to benefit from comparable, timely and frequent statistics on changes in goods, services and residential property prices.
What information can I find here?
Harmonised Indices of Consumer Prices (HICP) measure the changes over time in the prices of consumer goods and services acquired by households.
The euro area HICP provides the official target indicator for the European Central Bank’s (ECB) monetary policy. The ECB has defined price stability to mean an annual rate of increase of the HICP of below, but close to, 2 % over the medium term. Furthermore, HICP are used in the assessment of inflation convergence.
HICP are broken down by category of consumption expenditure on the basis of the ECOICOP-HICP classification. Inflation rates are calculated on a monthly and annual basis. Data presented are not seasonally adjusted. Seasonally adjusted data can be found on the ECB website.
For more detailed information on HICP, please see the dedicated section on the Eurostat website.
The House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners. The price of dwellings follows a gross acquisition concept, i.e. it includes the land price component.
The HPI is calculated on a quarterly and annual basis. Data presented are not seasonally adjusted. For more detailed information on housing price statistics, please see the Eurostat website dedicated section.
Below you can access the prices data either using our ready-made tables or datasets. The latter provide some more detailed information and give you the possibility to customise your data extraction. Data is also disseminated via Euro indicator releases which are listed below; please see also the release calendar.