EU Core HICP – All items excluding energy and food

EU Core HICP is a measure of the Harmonized Index of Consumer Prices that excludes volatile categories like food, energy, alcohol, and tobacco. By omitting these fluctuating items, it provides a clearer view of underlying inflation trends within the European Union. This measure is crucial for the European Central Bank (ECB) when assessing long-term price stability and making monetary policy decisions, such as setting interest rates. It helps policymakers distinguish between temporary price changes and persistent inflation pressures.