Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for European Union (28 Countries)
IGDXENEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.24
Year-over-Year Change
1.40%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP): Non-Energy Industrial Goods, Non-Durables Only for the European Union (28 Countries) measures changes in the prices of industrial goods excluding energy products in the EU.
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 HICP index tracks the prices of non-durable, non-energy industrial goods across the EU, providing an important indicator of industrial inflation and consumer purchasing power for policymakers and analysts.
Methodology
The data is collected through household surveys and compiled by Eurostat.
Historical Context
This HICP metric is widely used to inform monetary and fiscal policies in the European Union.
Key Facts
- The HICP measures price changes in a fixed basket of goods and services.
- Non-energy industrial goods comprise around 26% of the overall HICP basket.
- The EU (28 countries) index excludes energy and durable goods prices.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Non-Energy Industrial Goods, Non-Durables Only for the European Union (28 Countries) measures changes in the prices of non-durable, non-energy industrial goods across the EU.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides an important indicator of industrial inflation and consumer purchasing power, which is highly relevant for policymakers and analysts monitoring the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: This HICP metric is widely used to inform monetary and fiscal policies in the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for European Union (28 Countries) (IGDXENEU28M086NEST), retrieved from FRED.