Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Euro Area (18 countries)
00XESEEZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.17
Year-over-Year Change
6.80%
Date Range
12/1/2000 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Seasonal Food for the Euro Area (18 countries) measures changes in the prices of consumer goods and services, excluding volatile energy and food components. This core inflation metric is a key indicator for policymakers monitoring price stability.
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 and Seasonal Food is a harmonized measure of consumer price inflation used across the Eurozone. It excludes the most volatile price components to provide a more stable and reliable gauge of underlying inflationary pressures in the Euro Area economy.
Methodology
The index is calculated from a survey of consumer prices collected by national statistical agencies.
Historical Context
Central banks and economic analysts closely monitor this HICP index to inform monetary policy decisions and assess the strength of the Eurozone economy.
Key Facts
- The Eurozone HICP Excluding Energy and Seasonal Food is published monthly.
- This index measures price changes for around 90% of total consumer expenditure in the Euro Area.
- The European Central Bank targets an HICP inflation rate of below, but close to, 2% over the medium term.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices Excluding Energy and Seasonal Food measures changes in the prices of consumer goods and services in the Euro Area, excluding the volatile energy and food components.
Q: Why is this trend relevant for users or analysts?
A: This core inflation metric is a key indicator used by the European Central Bank and other policymakers to monitor price stability and underlying inflationary pressures in the Eurozone economy.
Q: How is this data collected or calculated?
A: The index is calculated from a survey of consumer prices collected by national statistical agencies across the Euro Area member states.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts closely monitor this HICP index to inform monetary policy decisions and assess the strength of the Eurozone economy.
Q: Are there update delays or limitations?
A: The HICP Excluding Energy and Seasonal Food index is published monthly with a typical 2-week delay from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Euro Area (18 countries) (00XESEEZ18M086NEST), retrieved from FRED.