Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Euro Area (19 Countries)
IGDSXEEZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.50
Year-over-Year Change
0.52%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Non-Energy Industrial Goods measures changes in the prices of manufactured products, excluding energy, for the Eurozone. This indicator provides insights into consumer inflation trends and is closely watched by policymakers.
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 Non-Energy Industrial Goods index tracks the prices of a basket of manufactured products, excluding energy items, across the 19 countries of the Eurozone. It is a key component of the broader HICP, which is the European Union's primary measure of consumer price inflation.
Methodology
The data is collected through surveys of retail prices and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Central banks and economic analysts use this index to monitor inflationary pressures and inform monetary policy decisions.
Key Facts
- The index is published monthly by Eurostat.
- It covers a range of manufactured products, such as clothing, furniture, and appliances.
- The Eurozone adopted the HICP as its harmonized measure of inflation in 1997.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Non-Energy Industrial Goods measures changes in the prices of manufactured products, excluding energy, across the 19 countries of the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer inflation trends in the Eurozone, which is a key factor considered by central banks and policymakers when making monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through retail price surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts use this index to monitor inflationary pressures in the Eurozone and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Euro Area (19 Countries) (IGDSXEEZ19M086NEST), retrieved from FRED.