Consumer Price Index: Harmonized Prices: Total All Items Less Food, Energy, Tobacco, and Alcohol for the European Union
Annual
CPHPLA01EUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.03
Year-over-Year Change
15.45%
Date Range
1/1/2001 - 1/1/2019
Summary
The Annual trend measures the annual percent change in the consumer price index (CPI) for the euro area, a key indicator of inflation.
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 Annual trend represents the year-over-year change in the Harmonized Index of Consumer Prices (HICP) for the euro area, providing a broad measure of inflation that is widely followed by economists and policymakers.
Methodology
The data is calculated from the monthly HICP figures reported by Eurostat.
Historical Context
Inflation trends are closely monitored by central banks and governments to inform monetary and fiscal policies.
Key Facts
- The euro area includes 19 of the 27 European Union member states.
- Inflation is considered low when the annual rate is below 2%.
- The European Central Bank aims to maintain inflation close to but below 2%.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Harmonized Index of Consumer Prices (HICP) for the euro area, a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: Inflation trends are closely watched by economists, policymakers, and financial markets as they inform monetary and fiscal policies aimed at maintaining price stability.
Q: How is this data collected or calculated?
A: The data is calculated from the monthly HICP figures reported by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The European Central Bank uses the Annual inflation trend as a key input in setting monetary policy to achieve its inflation target of close to but below 2% for the euro area.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual (CPHPLA01EUA661N), retrieved from FRED.