Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for European Union (28 Countries)
00XEFDEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.01
Year-over-Year Change
1.37%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for the European Union (28 countries) is a key economic indicator that measures core inflation in the EU region, excluding volatile price components.
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, Food, Alcohol, and Tobacco is a harmonized, cross-country metric that tracks price changes for a basket of consumer goods and services, providing insights into underlying inflationary pressures in the EU economy.
Methodology
This index is calculated by Eurostat based on monthly surveys of consumer prices across EU member states.
Historical Context
Central banks and policymakers closely monitor this core HICP metric to guide monetary policy decisions and assess the health of the European economy.
Key Facts
- The HICP Excluding Energy, Food, Alcohol, and Tobacco covers around 80% of the total EU consumer basket.
- This core inflation metric has averaged around 1.2% annually over the past decade in the EU.
- Stable and low core inflation is a key policy objective for the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The HICP Excluding Energy, Food, Alcohol, and Tobacco measures core inflation in the European Union, stripping out volatile price components to provide a more stable indicator of underlying price pressures.
Q: Why is this trend relevant for users or analysts?
A: This core inflation metric is closely watched by policymakers, central banks, and economists to assess the health of the European economy and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by Eurostat based on consumer price surveys across EU member states.
Q: How is this trend used in economic policy?
A: The European Central Bank and other policymakers use this core HICP metric to monitor underlying inflationary pressures and shape monetary policies aimed at maintaining price stability in the EU.
Q: Are there update delays or limitations?
A: The HICP Excluding Energy, Food, Alcohol, and Tobacco data is typically published with a 1-month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for European Union (28 Countries) (00XEFDEU28M086NEST), retrieved from FRED.