Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for European Union (27 Countries from 2020)
GOODS0EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.63
Year-over-Year Change
1.48%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for European Union (27 Countries from 2020) measures the inflation rate of consumer goods in the EU, excluding the service sector.
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 a basket of consumer goods across the 27 European Union countries, providing a harmonized measure of inflation that excludes the influence of the service sector. It is a key economic indicator used by policymakers and analysts to assess price pressures and cost-of-living trends.
Methodology
The data is collected through surveys of consumer prices across the EU member states.
Historical Context
This index helps inform monetary policy decisions by the European Central Bank.
Key Facts
- The index excludes services, focusing solely on consumer goods prices.
- It covers the 27 countries that make up the European Union as of 2020.
- Policymakers use this index to assess underlying price pressures in the EU.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation rate of consumer goods, excluding services, across the 27 countries of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying price pressures in the EU economy, helping inform monetary policy decisions and analysis of cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the EU member states.
Q: How is this trend used in economic policy?
A: This index helps the European Central Bank and other policymakers assess inflationary pressures and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for European Union (27 Countries from 2020) (GOODS0EU272020M086NEST), retrieved from FRED.