Consumer Price Index: Harmonized Prices: Total All Items Less Food, Energy, Tobacco, and Alcohol for the European Union
CPHPLA01EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.33
Year-over-Year Change
1.34%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Prices: Total All Items Less Food, Energy, Tobacco, and Alcohol for the European Union is a measure of consumer prices that excludes volatile food and energy costs, providing a more stable indicator of underlying inflation trends.
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 harmonized index of consumer prices (HICP) tracks changes in the average price level of a basket of consumer goods and services, excluding food, energy, tobacco, and alcohol. It serves as a key indicator for the European Central Bank in assessing and managing price stability across the Eurozone.
Methodology
The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Historical Context
Policymakers closely monitor this HICP measure to guide monetary policy decisions and maintain price stability objectives.
Key Facts
- Excludes volatile food and energy costs.
- Serves as a key indicator for the European Central Bank.
- Helps guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the average price level of a basket of consumer goods and services in the European Union, excluding food, energy, tobacco, and alcohol.
Q: Why is this trend relevant for users or analysts?
A: This harmonized index of consumer prices is a crucial indicator for the European Central Bank in assessing and managing price stability across the Eurozone, guiding monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this HICP measure to guide monetary policy decisions and maintain price stability objectives.
Q: Are there update delays or limitations?
A: The data is regularly updated, with potential minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Total All Items Less Food, Energy, Tobacco, and Alcohol for the European Union (CPHPLA01EUM661N), retrieved from FRED.