Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for European Union (28 Countries)
00XAP0EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.23
Year-over-Year Change
1.78%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for European Union (28 Countries) measures changes in the prices of consumer goods and services in the EU, excluding prices that are largely set by governments or regulators.
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 represents the overall price level for consumer purchases in the European Union, excluding items with prices that are not primarily market-determined. It is a key economic indicator used to monitor inflation and guide monetary policy decisions.
Methodology
The data is collected by national statistical agencies and harmonized by Eurostat to ensure consistent methodology across member states.
Historical Context
Policymakers and analysts closely follow this index to assess the strength of the European economy and inflationary pressures.
Key Facts
- Excludes prices set by governments or regulators.
- Provides a consistent measure of consumer inflation across the EU.
- Used by the European Central Bank to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of consumer goods and services in the European Union, excluding items with prices that are largely set by governments or regulators.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying inflationary pressures in the European economy and is used by policymakers to guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and harmonized by Eurostat to ensure consistent methodology across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely follow this index to assess the strength of the European economy and inflationary pressures, which informs monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short delay, providing timely information on consumer price trends in the EU.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for European Union (28 Countries) (00XAP0EU28M086NEST), retrieved from FRED.