Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Euro Area (19 Countries)
GOODS0EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.63
Year-over-Year Change
1.04%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Goods in the Euro Area measures the overall price changes for consumer goods, excluding services. This metric is a key indicator of inflationary pressures in the Eurozone economy.
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 Goods index tracks the prices of a basket of consumer goods, such as food, beverages, and household items, across the 19 countries of the Eurozone. It provides a harmonized measure of inflation that allows for cross-country comparisons within the European Union.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers at the European Central Bank monitor HICP Goods as part of their mandate to maintain price stability in the Eurozone.
Key Facts
- The HICP Goods index uses 2015 as its base year.
- Goods account for roughly 55% of the overall HICP basket in the Eurozone.
- HICP Goods has shown lower inflation than the overall HICP in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Goods in the Euro Area measures the overall price changes for consumer goods, excluding services, across the 19 Eurozone countries.
Q: Why is this trend relevant for users or analysts?
A: HICP Goods is a key indicator of inflationary pressures in the Eurozone economy, which is closely monitored by policymakers at the European Central Bank.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank monitor HICP Goods as part of their mandate to maintain price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP Goods data is typically released on a monthly basis, with a short publication lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Euro Area (19 Countries) (GOODS0EZ19M086NEST), retrieved from FRED.