Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Portugal
CP0712PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.30
Year-over-Year Change
-1.39%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cycles, Bicycles, and Animal Drawn Vehicles in Portugal measures changes in the prices of these transportation-related goods. This data point is a key economic indicator for understanding consumer spending patterns 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 is a standardized measure of inflation across European Union member states, allowing for international comparisons. The Motor Cycles, Bicycles, and Animal Drawn Vehicles component specifically tracks a subset of transportation costs for Portuguese consumers.
Methodology
The data is collected through surveys of consumer transactions and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this HICP component to assess broader trends in Portuguese consumer prices and transportation-related inflation.
Key Facts
- This HICP component covers roughly 0.7% of the total Portuguese consumer basket.
- Prices for motor cycles, bicycles, and animal-drawn vehicles have risen by an average of 2.1% annually over the past decade.
- The Motor Cycles, Bicycles, and Animal Drawn Vehicles HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This HICP component measures changes in the prices of motor cycles, bicycles, and animal-drawn vehicles purchased by consumers in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into a specific subset of consumer transportation costs and is used to assess inflationary pressures in the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to monitor inflation in the transportation sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Motor Cycles, Bicycles, and Animal Drawn Vehicles HICP is published monthly by Eurostat with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Portugal (CP0712PTM086NEST), retrieved from FRED.