Inflation dashboard and available data series

The following breakdowns are available from the Inflation and consumer prices (ICP) dataset on the ECB Data Portal:

• Overall HICP inflation and main components
• Breakdown by classification of consumption purpose
• Goods
• Services
• Administered prices
• Seasonally adjusted series

Seasonal adjustment

Many prices show a seasonal pattern. For example, end-of-season sales often cause the HICP to fall systematically in spring and summer. In order to extract the “news” from these seasonal changes and therefore aid short-term inflation analysis, the ECB compiles seasonally adjusted figures for the main HICP components. These data are published on the ECB’s website on the same day as the regular HICP figures are published by Eurostat.

Technical details on the seasonal adjustment of the HICP

Release calendar

HICP data are published every month by Eurostat, the statistical office of the European Union.

At the end of each month, a euro area flash estimate for headline inflation is released for that month. This is accompanied by flash estimates for the main components of the euro area HICP: energy, food (including alcohol and tobacco), non-energy industrial goods and services. Flash estimates for the special aggregates “all items excluding energy” and “all items excluding energy and food” are provided as well. The data are available for the euro area as a whole as well as for its Member States. The flash estimate is followed by a full release in the middle of the month, which comprises all country and euro area breakdowns and special indices.

HICP release calendar

Revisions

HICPs are not normally revised. The HICP for the current month is final with its full release. Revisions are only made in the event of errors. Further revisions of the national HICPs have to be agreed with Eurostat.