Harmonized Index of Consumer Prices: Motor Cars for Germany
CP0711DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.30
Year-over-Year Change
3.72%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Motor Cars for Germany measures the price changes of motor vehicles purchased by German consumers. This key economic indicator provides insights into inflationary pressures and consumer demand in the German automotive market.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across the European Union. The Motor Cars component specifically tracks the prices of new and used passenger cars, including taxes, purchased by German households.
Methodology
The data is collected through surveys of retail outlets and service providers by the German Federal Statistical Office.
Historical Context
The HICP Motor Cars index is used by policymakers and analysts to monitor consumer spending patterns and inflationary trends in the German automotive industry.
Key Facts
- The base year for the HICP Motor Cars index is 2015.
- Motor vehicles account for approximately 5% of the total German HICP basket.
- Prices are adjusted for quality changes to provide a more accurate measure of price inflation.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Motor Cars for Germany measures the price changes of motor vehicles purchased by German consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer demand in the German automotive market, which is a key sector of the German economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and service providers by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The HICP Motor Cars index is used by policymakers and analysts to monitor consumer spending patterns and inflationary trends in the German automotive industry.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cars for Germany (CP0711DEM086NEST), retrieved from FRED.