Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for European Union
CP0721EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.55
Year-over-Year Change
1.23%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spare Parts and Accessories for Personal Transport Equipment in the European Union measures the inflation rate for this consumer goods category.
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 consumer price inflation across the European Union. The Spare Parts and Accessories for Personal Transport Equipment component tracks changes in the prices paid by consumers for these automotive-related goods.
Methodology
The HICP data is collected through surveys of consumer prices in EU member states.
Historical Context
This index is used by policymakers to assess overall price stability and economic conditions.
Key Facts
- The HICP measures price changes for a basket of consumer goods and services.
- This index is harmonized across the EU to allow for cross-country comparisons.
- Spare parts and accessories make up a small but important component of consumer spending.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures the Harmonized Index of Consumer Prices (HICP) for the Spare Parts and Accessories for Personal Transport Equipment category in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding consumer price inflation and economic conditions in the EU, as the HICP is a key metric used by policymakers to assess price stability.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer prices in EU member states.
Q: How is this trend used in economic policy?
A: This HICP trend is used by the European Central Bank and other policymakers to monitor price pressures and make monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, but there may be delays in reporting from some member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for European Union (CP0721EUCCM086NEST), retrieved from FRED.