Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Bulgaria
CP0720BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.77
Year-over-Year Change
-3.27%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Bulgaria measures the changes in prices for operating and maintaining personal vehicles in Bulgaria. This metric is a key indicator of inflation and consumer spending in the transportation sector.
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 consumer price index used to measure inflation and price stability in the European Union. The Operation of Personal Transport Equipment component specifically tracks the costs associated with operating and maintaining private vehicles, including fuel, insurance, and repairs.
Methodology
The data is collected through surveys of consumer prices and spending habits by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP component to assess inflationary pressures and consumer behavior in the transportation market.
Key Facts
- The base year for this HICP index is 2015 = 100.
- Prices are recorded monthly and published with a 1-month lag.
- Transportation costs account for over 13% of the total HICP basket in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This HICP component measures the changes in prices for operating and maintaining personal vehicles, including fuel, insurance, and repairs, in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer spending in the transportation sector, which is important for understanding overall economic conditions and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and spending habits by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess inflationary pressures and consumer behavior in the transportation market, which can inform policy decisions.
Q: Are there update delays or limitations?
A: Prices are recorded monthly and published with a 1-month lag, so the data may not reflect the most recent changes in the market.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Bulgaria (CP0720BGM086NEST), retrieved from FRED.