Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Unprocessed Food for European Union (28 Countries)
00XFUNEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.81
Year-over-Year Change
1.57%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Unprocessed Food for the European Union (28 countries) is a key economic indicator that measures inflation, excluding volatile energy and food 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 Energy and Unprocessed Food is a harmonized, comprehensive index used to track changes in the general price level of consumer goods and services across the EU. It provides a reliable gauge of underlying inflationary pressures, excluding the impact of fluctuations in energy and unprocessed food prices.
Methodology
The index is calculated based on the prices of a representative basket of consumer goods and services, collected through household surveys and vendor reports.
Historical Context
Policymakers and analysts use this metric to monitor price stability and guide monetary policy decisions in the European Union.
Key Facts
- The HICP Excluding Energy and Unprocessed Food is a harmonized index used across the European Union.
- It provides a reliable measure of underlying inflationary pressures, excluding volatile energy and food prices.
- Policymakers use this metric to guide monetary policy decisions in the EU.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Unprocessed Food measures changes in the general price level of consumer goods and services across the European Union, excluding the impact of fluctuations in energy and unprocessed food prices.
Q: Why is this trend relevant for users or analysts?
A: This index provides a reliable gauge of underlying inflationary pressures in the EU, which is crucial for policymakers and analysts monitoring price stability and guiding monetary policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated based on the prices of a representative basket of consumer goods and services, collected through household surveys and vendor reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor price stability and guide monetary policy decisions in the European Union.
Q: Are there update delays or limitations?
A: The HICP Excluding Energy and Unprocessed Food data is reported monthly, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Unprocessed Food for European Union (28 Countries) (00XFUNEU28M086NEST), retrieved from FRED.