Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union
00XTOBEUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.06
Year-over-Year Change
2.26%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) excluding tobacco measures changes in the general price level of consumer goods and services purchased by households in the European Union, excluding tobacco products.
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 is a key economic indicator used to assess inflation and evaluate monetary policy. The index excluding tobacco is an important metric that provides insight into underlying inflationary pressures without the volatility of tobacco prices.
Methodology
The HICP is calculated by national statistical institutes based on a harmonized methodology across EU member states.
Historical Context
Policymakers and central banks closely monitor the HICP to guide decisions on interest rates and other monetary policy tools.
Key Facts
- The HICP excluding tobacco is published monthly.
- It covers a harmonized basket of consumer goods and services across 27 EU member states.
- The index uses 2015 as the base year for calculating price changes.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices excluding tobacco measures changes in the general price level of consumer goods and services in the European Union, excluding tobacco products.
Q: Why is this trend relevant for users or analysts?
A: The HICP excluding tobacco is a key indicator of underlying inflationary pressures in the Eurozone, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The HICP is calculated by national statistical institutes using a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor the HICP to guide decisions on interest rates and other monetary policy tools aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The HICP excluding tobacco is published monthly with a relatively short delay, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union (00XTOBEUCCM086NEST), retrieved from FRED.