Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (19 Countries)
00XEFDEZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.40
Year-over-Year Change
2.29%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (19 Countries) measures the overall price level of goods and services in the Eurozone, excluding volatile components. This core inflation metric is crucial for assessing underlying price pressures and informing monetary policy decisions.
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 tracks the prices of a representative basket of consumer goods and services in the Euro area, excluding energy, food, alcohol, and tobacco. It provides a more stable measure of inflation by removing transient price fluctuations in those volatile categories. Economists and policymakers closely monitor this core inflation indicator to gauge the broader inflationary trend in the Eurozone economy.
Methodology
The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Central banks, such as the European Central Bank, use this core inflation measure as a key input for monetary policy decisions aimed at maintaining price stability in the Eurozone.
Key Facts
- The index excludes volatile food, energy, alcohol, and tobacco prices.
- It covers a representative basket of consumer goods and services in the Eurozone.
- Core inflation is a key indicator for the European Central Bank's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (19 Countries) measures the overall price level of consumer goods and services in the Eurozone, excluding volatile components like energy and food.
Q: Why is this trend relevant for users or analysts?
A: This core inflation metric is crucial for assessing underlying price pressures in the Eurozone economy and informing monetary policy decisions by the European Central Bank.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks, such as the European Central Bank, use this core inflation measure as a key input for monetary policy decisions aimed at maintaining price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, with potential delays due to the underlying survey and compilation process.
Related Trends
Harmonized Index of Consumer Prices: Beer for European Union (28 Countries)
CP0213EU28M086NEST
Producer Prices Index: Economic activities: Mining and quarrying activities: Total for the European Union
EU28PIEAMI01GPM
Harmonized Index of Consumer Prices: Furniture and Furnishings for European Union (27 Countries from 2020)
CP0511EU272020M086NEST
Producer Prices Index: Domestic Durable Consumer Goods for the European Union
PITGCD02EUM661N
Active Population: Aged 15-74: All Persons for the European Union
LFAC74TTEUQ647S
Harmonized Index of Consumer Prices: All-Items HICP for European Union (27 Countries from 2020)
CP0000EU272020M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (19 Countries) (00XEFDEZ19M086NEST), retrieved from FRED.