Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Euro Area (18 countries)
IGDSXEEZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.39
Year-over-Year Change
6.10%
Date Range
12/1/2000 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Euro Area (18 countries) tracks changes in the prices of industrial goods excluding energy in the Eurozone. This metric is an important indicator of underlying inflationary pressures in the Eurozone economy.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across the European Union. The Non-Energy Industrial Goods component specifically focuses on the prices of manufactured products, excluding energy, providing insight into core inflationary trends within the Eurozone.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Central banks and policymakers closely monitor the HICP Non-Energy Industrial Goods index to inform monetary policy decisions and assess the state of the Eurozone economy.
Key Facts
- The index is published monthly by Eurostat.
- The base year for the index is 2015 = 100.
- The Eurozone countries included are the 18 nations that use the euro currency.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Euro Area (18 countries) measures changes in the prices of manufactured products, excluding energy, across the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into core inflationary pressures in the Eurozone economy, which is crucial information for central banks, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies in the Eurozone and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor the HICP Non-Energy Industrial Goods index to inform monetary policy decisions and assess the state of the Eurozone economy.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Euro Area (18 countries) (IGDSXEEZ18M086NEST), retrieved from FRED.