Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
00XALCE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.27
Year-over-Year Change
2.29%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Alcohol and Tobacco measures changes in the prices of consumer goods and services acquired by households in the European Economic Area, excluding alcohol and tobacco products.
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 Excluding Alcohol and Tobacco is a key economic indicator used to assess price stability and inform monetary policy decisions. It provides a harmonized measure of inflation across European countries, enabling cross-country comparisons.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
This index is widely monitored by the European Central Bank and other policymakers to gauge inflationary pressures.
Key Facts
- The EEA includes 30 countries as of 2023.
- The index is published monthly by Eurostat.
- Excluding alcohol and tobacco helps focus on core consumer price trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices Excluding Alcohol and Tobacco measures changes in the prices of consumer goods and services, excluding alcohol and tobacco, across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying inflationary pressures and is closely monitored by the European Central Bank and other policymakers to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The HICP Excluding Alcohol and Tobacco is widely used by the European Central Bank and other institutions to assess price stability and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (00XALCE3CCM086NEST), retrieved from FRED.