Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
00XESEE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.99
Year-over-Year Change
2.71%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Seasonal Food measures underlying inflationary pressures in the European Economic Area, excluding volatile energy and food prices. This metric is crucial for central banks and policymakers in evaluating core price trends.
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 and Seasonal Food provides a stable, seasonally-adjusted measure of consumer price inflation in the EEA, stripping out the impact of fluctuating energy and fresh food costs. This 'core' inflation indicator gives a clearer signal of underlying price pressures faced by households and businesses.
Methodology
The data is calculated monthly by Eurostat based on a harmonized methodology across EEA member states.
Historical Context
Central banks and economists closely monitor this HICP metric to guide monetary policy decisions and economic forecasting.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- HICP is the standard inflation measure used by the European Central Bank.
- This index excludes volatile food and energy prices to better reflect underlying price trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Seasonal Food measures underlying inflationary pressures in the European Economic Area, excluding volatile energy and food prices.
Q: Why is this trend relevant for users or analysts?
A: This 'core' inflation indicator provides a clearer signal of the underlying price pressures faced by households and businesses, which is crucial for central banks and policymakers in evaluating economic conditions and making policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated monthly by Eurostat based on a harmonized methodology across EEA member states.
Q: How is this trend used in economic policy?
A: Central banks and economists closely monitor this HICP metric to guide monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (00XESEE3CCM086NEST), retrieved from FRED.