Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union (28 Countries)
00XTOBEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.06
Year-over-Year Change
1.65%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union (28 Countries) measures the change in consumer prices across the EU, excluding tobacco. This broad economic indicator is closely monitored by policymakers and analysts to assess inflation pressures.
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 average change in prices for a basket of consumer goods and services in the 28 EU member states, excluding tobacco. It is a harmonized and standardized measure, allowing for cross-country comparisons of inflation trends.
Methodology
The data is collected through surveys of households and businesses across the EU.
Historical Context
The HICP ex-tobacco index is a key input for the European Central Bank's monetary policy decisions.
Key Facts
- The index excludes tobacco to provide a more accurate measure of underlying inflation.
- The index is calculated using a common methodology across the 28 EU member states.
- The index is published monthly by the European Commission's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union (28 Countries) measures the change in consumer prices across the EU, excluding tobacco.
Q: Why is this trend relevant for users or analysts?
A: This broad economic indicator is closely monitored by policymakers and analysts to assess inflation pressures and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses across the EU.
Q: How is this trend used in economic policy?
A: The HICP ex-tobacco index is a key input for the European Central Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union (28 Countries) (00XTOBEU28M086NEST), retrieved from FRED.