Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Euro Area (18 countries)
00XE00EZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.68
Year-over-Year Change
6.94%
Date Range
12/1/2000 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy for the Euro Area measures changes in the prices of consumer goods and services, excluding volatile energy costs. This core inflation metric is closely monitored by policymakers to assess underlying price pressures.
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 Energy is a key economic indicator used to track consumer inflation trends in the Eurozone. It excludes the often-volatile energy sector to provide a more stable and representative measure of overall price levels. Economists and central bankers rely on this index to inform monetary policy decisions.
Methodology
The data is collected through surveys of consumer prices across Eurozone member states and aggregated into a harmonized index.
Historical Context
Policymakers and market analysts closely follow the HICP Excluding Energy to gauge underlying inflationary pressures and guide economic policy.
Key Facts
- The HICP Excluding Energy is a core inflation metric for the Eurozone.
- It excludes volatile energy prices to provide a more stable measure of consumer price trends.
- This index is closely monitored by the European Central Bank and other policymakers.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy measures changes in the prices of consumer goods and services in the Eurozone, excluding the volatile energy sector.
Q: Why is this trend relevant for users or analysts?
A: This core inflation metric is closely watched by policymakers and economists to assess underlying price pressures in the Eurozone and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across Eurozone member states and aggregated into a harmonized index.
Q: How is this trend used in economic policy?
A: The HICP Excluding Energy is a key input for the European Central Bank and other Eurozone policymakers in setting monetary policy to maintain price stability.
Q: Are there update delays or limitations?
A: The HICP Excluding Energy data is published monthly with a short lag, providing timely insights into Eurozone inflationary trends.
Related Trends
Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Euro Area (18 countries)
ELGAS0EZ18M086NEST
Harmonized Index of Consumer Prices: Newspapers, Books and Stationery for Euro Area (20 Countries)
CP095MI15EA20M086NEST
Unemployment Rate: Aged 55-64: Males for the Euro Area (19 Countries)
LRUN55MAEZA156S
Unemployment Rate: Aged 15-64: Females for the Euro Area (19 Countries)
LRUN64FEEZA156N
Harmonized Index of Consumer Prices: Beer for Albania
CP0213MI15ALM086NEST
Harmonized Index of Consumer Prices: Equipment for the Reception, Recording and Reproduction of Sound and Picture for Kosovo
CP0911MI15XKM086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Euro Area (18 countries) (00XE00EZ18M086NEST), retrieved from FRED.