Consumer Price Index: Harmonised Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for the Euro Area (19 Countries)
CPHPLA01EZM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.40
Year-over-Year Change
5.32%
Date Range
1/1/1996 - 1/1/2023
Summary
The Consumer Price Index: Harmonised Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for the Euro Area (19 Countries) measures the core inflation rate for the Eurozone, excluding volatile food and energy prices.
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 economic indicator provides a detailed view of the underlying price pressures in the Eurozone economy, excluding the effects of energy and food. It is a key metric used by policymakers and analysts to assess the efficacy of monetary policy and overall price stability.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This core inflation measure is closely monitored by the European Central Bank in setting interest rate policies.
Key Facts
- The Eurozone's core inflation rate averaged 5.1% in 2022.
- This metric excludes volatile food and energy prices.
- The European Central Bank targets 2% inflation in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the core inflation rate for the Eurozone, excluding volatile food and energy prices.
Q: Why is this trend relevant for users or analysts?
A: This core inflation measure is a key metric used by policymakers and analysts to assess underlying price pressures and the efficacy of monetary policy in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This core inflation measure is closely monitored by the European Central Bank in setting interest rate policies to maintain price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for the Euro Area (19 Countries) (CPHPLA01EZM661N), retrieved from FRED.