Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for European Union (28 Countries)
00XSEAEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.15
Year-over-Year Change
1.70%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Seasonal Food for the European Union (28 countries) tracks inflation, excluding volatile food prices, across the EU. This core inflation measure is a key economic indicator used by policymakers and analysts to assess 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 Seasonal Food is a harmonized, EU-wide measure of consumer price inflation that removes the impact of seasonal food items. It provides a more stable and reliable gauge of underlying price pressures compared to headline inflation, which can fluctuate due to volatile food and energy costs.
Methodology
The data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Historical Context
Central banks and economic policymakers closely monitor this HICP index to help guide monetary policy decisions and ensure price stability.
Key Facts
- Covers 28 EU member states.
- Excludes volatile seasonal food items.
- Used by the ECB to assess price stability.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Seasonal Food tracks inflation across the European Union, excluding the impact of volatile seasonal food prices.
Q: Why is this trend relevant for users or analysts?
A: This core inflation measure provides a more stable and reliable gauge of underlying price pressures compared to headline inflation, making it a key indicator used by policymakers and economists to assess price stability.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: Central banks and economic policymakers closely monitor this HICP index to help guide monetary policy decisions and ensure price stability across the European Union.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedules and potential revisions of the national statistical agencies responsible for data collection.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for European Union (28 Countries) (00XSEAEU28M086NEST), retrieved from FRED.