Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-OF-Pocket Purchases for European Union (28 Countries)
00XFROEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.15
Year-over-Year Change
1.08%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-Of-Pocket Purchases for the European Union (28 countries) is an economic indicator that measures the change in consumer prices, excluding items that are purchased frequently and tend to have volatile prices.
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 Frequent Out-Of-Pocket Purchases provides a more stable and predictable measure of inflation in the EU, as it removes the impact of volatile items like energy and unprocessed food. This index is widely used by policymakers and economists to assess price stability and inform monetary policy decisions.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This index is a key measure used by the European Central Bank in its monetary policy framework.
Key Facts
- The HICP Excluding Frequent Out-Of-Pocket Purchases covers about 90% of household consumption expenditure in the EU.
- This index is calculated using a common methodology across all EU member states.
- The base year for the index is 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-Of-Pocket Purchases measures the change in consumer prices in the European Union, excluding items that are purchased frequently and tend to have volatile prices.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable and predictable measure of inflation in the EU, which is important for policymakers and economists in assessing price stability and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Excluding Frequent Out-Of-Pocket Purchases is a key measure used by the European Central Bank in its monetary policy framework.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-OF-Pocket Purchases for European Union (28 Countries) (00XFROEU28M086NEST), retrieved from FRED.