Harmonized Index of Consumer Prices: Transport for European Union (28 Countries)
CP0700EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.42
Year-over-Year Change
2.91%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Transport in the European Union (28 countries) measures the changes in prices for transportation-related goods and services. This key economic indicator helps policymakers assess cost-of-living trends and inflationary pressures.
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 for Transport tracks the prices of various transportation-related expenses, including private transportation, public transportation, and fuel. It is an important metric for understanding consumer spending patterns and the broader economic climate within the EU.
Methodology
The data is collected through surveys of consumer prices and calculated using a harmonized methodology across EU member states.
Historical Context
The HICP for Transport is widely used by central banks, governments, and analysts to inform economic policy decisions and market analysis.
Key Facts
- The HICP for Transport covers over 13% of the total EU consumer basket.
- Prices for this index are harmonized across the 28 EU member states.
- Transport costs represent a significant portion of household budgets in the EU.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Transport measures the changes in prices for transportation-related goods and services in the European Union (28 countries).
Q: Why is this trend relevant for users or analysts?
A: The HICP for Transport is a key indicator of inflationary pressures and consumer spending patterns, which is important for policymakers and analysts assessing the broader economic climate in the EU.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: The HICP for Transport is widely used by central banks, governments, and analysts to inform economic policy decisions and market analysis within the European Union.
Q: Are there update delays or limitations?
A: The HICP for Transport is published monthly with a lag of approximately one month, and the data may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Transport for European Union (28 Countries) (CP0700EU28M086NEST), retrieved from FRED.