Harmonized Index of Consumer Prices: Non-Durable Household Goods for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0561E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.31
Year-over-Year Change
0.45%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Durable Household Goods for European Economic Area (EEA18-2004, EEA28-2006, EEA30) measures the price changes of non-durable household items across the EEA region. This key inflation indicator is closely monitored by policymakers and economists.
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 index tracks the prices of everyday non-durable household goods and consumables, such as cleaning products, toiletries, and other nondurable items used in the home. It provides insight into inflationary pressures and consumer spending patterns within the EEA economic area.
Methodology
The data is collected through surveys of consumer prices across EEA member states and aggregated into a harmonized regional index.
Historical Context
The HICP Non-Durable Household Goods index is a important input for monetary policy decisions by the European Central Bank.
Key Facts
- The EEA HICP Non-Durable Goods index has a base year of 2015.
- Prices are surveyed across 30 EEA member countries.
- This index is a key input for the ECB's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Durable Household Goods measures the price changes of everyday consumable items used in European households, such as cleaning products and toiletries.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into inflationary pressures and consumer spending patterns within the European Economic Area, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across EEA member states and aggregated into a harmonized regional index.
Q: How is this trend used in economic policy?
A: The HICP Non-Durable Household Goods index is a key input for monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal publication delays, providing timely insights into EEA inflationary trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Durable Household Goods for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0561E3CCM086NEST), retrieved from FRED.