Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for European Union
00XALCEUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.99
Year-over-Year Change
2.24%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Alcohol and Tobacco for the European Union measures the change in consumer prices, excluding the volatile food and energy sectors. This indicator provides insight into underlying inflationary pressures within the EU economy.
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 metric used by the European Central Bank to assess price stability and inform monetary policy decisions. It excludes the typically volatile prices of alcohol and tobacco products to better reflect core consumer inflation trends.
Methodology
The data is collected through surveys of consumer expenditures and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and market analysts closely monitor this index to gauge the health of the European economy and the effectiveness of ECB policy.
Key Facts
- The index is published monthly by Eurostat.
- It covers all EU member states, not just the Eurozone.
- The base year for the index is 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Alcohol and Tobacco measures changes in the prices of consumer goods and services purchased by households in the European Union, excluding the volatile prices of alcohol and tobacco products.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying inflationary pressures in the EU economy, which 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 compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to gauge the health of the European economy and the effectiveness of ECB monetary policy in maintaining price stability.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with a relatively short lag, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for European Union (00XALCEUCCM086NEST), retrieved from FRED.