Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Montenegro
TOTNRGFOODMEMI15XM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.61
Year-over-Year Change
5.68%
Date Range
12/1/2014 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Montenegro measures the inflation trend in Montenegro's economy, excluding volatile price components.
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 key economic indicator used to assess the underlying price pressures in Montenegro's economy. It provides insight into the broader inflationary environment by removing the impact of volatile food and energy prices.
Methodology
The index is calculated by the Statistical Office of Montenegro based on a representative basket of consumer goods and services.
Historical Context
Policymakers and analysts rely on this index to inform monetary policy decisions and evaluate the effectiveness of price stability efforts.
Key Facts
- The index excludes volatile food and energy prices.
- It is a key indicator for assessing underlying price pressures.
- The index is calculated monthly by the Statistical Office of Montenegro.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco measures the inflation trend in Montenegro's economy, excluding volatile price components.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the broader inflationary environment in Montenegro by removing the impact of volatile food and energy prices, allowing policymakers and analysts to better assess underlying price pressures.
Q: How is this data collected or calculated?
A: The index is calculated by the Statistical Office of Montenegro based on a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on this index to inform monetary policy decisions and evaluate the effectiveness of price stability efforts in Montenegro.
Q: Are there update delays or limitations?
A: The index is published monthly, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Montenegro (TOTNRGFOODMEMI15XM086NEST), retrieved from FRED.