Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for European Union (27 Countries from 2020)
IGDSXEEU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.17
Year-over-Year Change
0.81%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for European Union (27 Countries from 2020) measures the changes in prices of industrial goods excluding energy products across the EU. This key indicator provides insights into underlying inflationary pressures within the European 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
This index tracks the prices of a representative basket of non-energy industrial goods purchased by European consumers, such as clothing, appliances, and consumer durables. It is a crucial metric used by policymakers and analysts to assess the health of the EU economy and inform monetary policy decisions.
Methodology
The data is collected through surveys of consumer prices across the 27 member states of the European Union.
Historical Context
This index is closely monitored by the European Central Bank as it is a key input for their inflation targeting policy.
Key Facts
- The base year for this index is 2015.
- It covers around 30% of the overall Harmonized Index of Consumer Prices basket.
- This index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices of non-energy industrial goods purchased by consumers across the 27 member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into underlying inflationary pressures within the European economy, which is crucial for policymakers and analysts to assess the health of the EU economy and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the 27 member states of the European Union.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the European Central Bank as it is a key input for their inflation targeting policy.
Q: Are there update delays or limitations?
A: This index is published monthly by Eurostat with no significant update delays.
Related Trends
Harmonized Index of Consumer Prices: Meat for European Union (27 Countries from 2020)
CP0112EU272020M086NEST
Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for European Union (28 Countries)
CP0550EU28M086NEST
Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for European Union (28 Countries)
CP0610EU28M086NEST
Employed Population: Aged 15-24: Females for the European Union
LFEM24FEEUQ657S
Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for European Union (28 Countries)
CP0510EU28M086NEST
Unemployment Rate: Aged 15-74: Females for the European Union
LRUN74FEEUQ156S
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for European Union (27 Countries from 2020) (IGDSXEEU272020M086NEST), retrieved from FRED.