Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Albania
TOTNRGFOODALMI15XM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.74
Year-over-Year Change
2.98%
Date Range
12/1/2015 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Albania measures inflation in the country, excluding volatile price components. It is a key indicator used by policymakers to assess underlying price pressures.
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 Excluding Energy, Food, Alcohol, and Tobacco is a subindex of the broader HICP, which is the standard measure of consumer price inflation in the European Union. This narrower index removes the impact of fluctuations in energy, food, alcohol, and tobacco prices to provide a more stable indicator of core inflationary trends.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's harmonized methodology.
Historical Context
Central banks and economic analysts closely monitor the HICP Excluding Energy, Food, Alcohol, and Tobacco to gauge inflationary pressures and inform monetary policy decisions.
Key Facts
- The index excludes volatile price components like energy and food.
- It is a key indicator used by the European Central Bank to assess price stability.
- Albania joined the EU's HICP data reporting system in 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco measures inflation in Albania, excluding the impact of volatile price components.
Q: Why is this trend relevant for users or analysts?
A: This narrower HICP index provides a more stable indicator of underlying inflationary pressures, which is crucial for policymakers and economists assessing the state of the Albanian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's harmonized methodology.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts closely monitor the HICP Excluding Energy, Food, Alcohol, and Tobacco to gauge inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: Albania joined the EU's HICP data reporting system in 2015, so the historical data may have some limitations compared to longer-running indexes in other countries.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Albania (TOTNRGFOODALMI15XM086NEST), retrieved from FRED.