Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Euro Area (19 Countries)
00XHOUEZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.54
Year-over-Year Change
1.97%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Housing, Water, Electricity, Gas, and Other Fuels for the Euro Area measures the change in consumer prices for a broad basket of goods and services, excluding volatile energy and housing costs.
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 Housing, Water, Electricity, Gas, and Other Fuels provides a more stable and representative measure of underlying inflation trends in the Euro Area economy. It is a key indicator used by policymakers at the European Central Bank to assess price stability and guide monetary policy decisions.
Methodology
The index is calculated monthly based on a standardized methodology across Euro Area member states.
Historical Context
This inflation measure is closely monitored by economists and market analysts for insights into the broader macroeconomic environment in the Eurozone.
Key Facts
- The HICP Excluding Housing, Water, Electricity, Gas, and Other Fuels represents about 82% of total Euro Area consumer expenditure.
- This index has shown a steady decline from over 2% in 2013 to around 1% in recent years, reflecting low inflationary pressures.
- The European Central Bank targets an inflation rate of close to, but below, 2% for the Euro Area.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices Excluding Housing, Water, Electricity, Gas, and Other Fuels measures the change in consumer prices for a broad basket of goods and services in the Euro Area, excluding volatile energy and housing costs.
Q: Why is this trend relevant for users or analysts?
A: This inflation measure is a key indicator used by the European Central Bank to assess underlying price pressures and guide monetary policy decisions for the Eurozone economy.
Q: How is this data collected or calculated?
A: The index is calculated monthly based on a standardized methodology across Euro Area member states.
Q: How is this trend used in economic policy?
A: The HICP Excluding Housing, Water, Electricity, Gas, and Other Fuels is closely monitored by economists and market analysts for insights into the broader macroeconomic environment in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Euro Area (19 Countries) (00XHOUEZ19M086NEST), retrieved from FRED.