Consumer Price Index: Harmonised prices: All items less food, energy, tobacco, alcohol: Total for the European Union
EU28CPHPLA01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
8.33%
Date Range
12/1/2001 - 1/1/2020
Summary
The Consumer Price Index: Harmonised prices: All items less food, energy, tobacco, alcohol: Total for the European Union measures core inflation in the EU, excluding volatile food and energy costs. This provides a reliable indicator of underlying price pressures for policymakers and analysts.
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 changes in the prices of a basket of consumer goods and services across the European Union, excluding the more volatile food, energy, tobacco, and alcohol components. It serves as a key measure of core inflation, which is vital for understanding broader economic trends and informing monetary policy decisions.
Methodology
The data is collected through surveys of consumer purchases and calculated using a harmonized methodology across EU member states.
Historical Context
Central banks and economic analysts closely monitor this index to gauge inflationary pressures and assess the effectiveness of monetary policy.
Key Facts
- Excludes volatile food and energy costs.
- Provides a reliable measure of underlying price pressures.
- Used by central banks to inform monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of consumer goods and services across the European Union, excluding volatile food and energy costs.
Q: Why is this trend relevant for users or analysts?
A: This core inflation measure is vital for understanding broader economic trends and informing monetary policy decisions by central banks.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts closely monitor this index to gauge inflationary pressures and assess the effectiveness of monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: All items less food, energy, tobacco, alcohol: Total for the European Union (EU28CPHPLA01GYM), retrieved from FRED.