Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
IGDXENE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.10
Year-over-Year Change
1.87%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Non-Energy Industrial Goods, Non-Durables Only for the European Economic Area (EEA) measures price changes for a basket of non-energy industrial goods and non-durable consumer products in EEA countries. It is a key indicator of inflation and a critical statistic for economic policymakers.
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: Non-Energy Industrial Goods, Non-Durables Only for EEA is a harmonized, internationally comparable measure of consumer price inflation. It tracks price movements for a representative sample of non-energy industrial goods and non-durable consumer items across EEA member states, providing insights into broader inflationary pressures.
Methodology
This index is calculated by national statistics agencies using harmonized methodology set by Eurostat.
Historical Context
Policymakers and analysts use this HICP index to assess underlying price trends and guide monetary and fiscal policies.
Key Facts
- The HICP index was established in 1995 to harmonize inflation measurement across the European Union.
- Non-energy industrial goods account for over 25% of the total HICP basket.
- EEA member states include the 27 EU countries plus Iceland, Liechtenstein, and Norway.
FAQs
Q: What does this economic trend measure?
A: The HICP: Non-Energy Industrial Goods, Non-Durables Only for EEA measures price changes for a basket of non-energy industrial and non-durable consumer products across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides a harmonized, internationally comparable measure of underlying inflationary pressures, which is crucial for economic policymaking and market analysis in the EEA.
Q: How is this data collected or calculated?
A: The data is collected by national statistics agencies using standardized Eurostat methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to assess price dynamics and guide monetary, fiscal, and other economic policies in the EEA.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in data availability, and the index composition can change over time as the consumption basket is updated.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (IGDXENE3CCM086NEST), retrieved from FRED.