Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for European Union
CP0720EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.19
Year-over-Year Change
-1.17%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Operation of Personal Transport Equipment tracks changes in the prices paid by European Union consumers for operating personal vehicles, including fuels, lubricants, and maintenance. This trend 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 Operation of Personal Transport Equipment HICP is one of the many subindices that make up the overall HICP, which is the primary measure of consumer price inflation in the European Union. This subindex specifically focuses on the costs associated with owning and operating personal vehicles, providing insights into an important component of household budgets and economic activity.
Methodology
The HICP data is collected through surveys of consumer prices by national statistical agencies across the EU and aggregated by Eurostat.
Historical Context
Policymakers and analysts use this HICP subindex to assess inflationary pressures and consumer behavior in the transportation sector, which has broader implications for economic growth, trade, and energy policy.
Key Facts
- The Operation of Personal Transport Equipment HICP accounts for around 13% of the total HICP basket.
- Fuel prices are the largest component of this HICP subindex, making up over 60% of the total.
- This HICP subindex has seen significant volatility in recent years due to fluctuations in global oil and gas prices.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Operation of Personal Transport Equipment measures changes in the prices paid by European Union consumers for operating personal vehicles, including fuels, lubricants, and maintenance.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides important insights into a key component of household budgets and economic activity, with implications for inflation, consumer spending, and transportation-related policies.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer prices by national statistical agencies across the EU and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to assess inflationary pressures and consumer behavior in the transportation sector, which has broader implications for economic growth, trade, and energy policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for European Union (CP0720EUCCM086NEST), retrieved from FRED.