Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for European Union (28 Countries)
CP0722EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.73
Year-over-Year Change
6.02%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment in the European Union (28 countries) measures the price changes of fuel and lubricant products used for personal vehicles. This is a key indicator of consumer inflation and energy costs.
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 consumer price index that provides a comparable measure of inflation across EU member states. The Fuels and Lubricants for Personal Transport Equipment component tracks the prices of products like gasoline, diesel, motor oil, and other vehicle fuels and fluids. This metric is widely used by economists and policymakers to analyze consumer spending and energy market dynamics.
Methodology
The data is collected through surveys of businesses and households across the EU and compiled by Eurostat.
Historical Context
Central banks and governments utilize this HICP component to inform monetary and fiscal policies aimed at price stability and supporting household purchasing power.
Key Facts
- The EU HICP for Fuels and Lubricants has increased by over 50% since 2020.
- Fuel and lubricant costs account for a significant portion of household transportation budgets.
- Rising HICP for this category can contribute to overall inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment measures the price changes of fuel and lubricant products used for personal vehicles in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is a key indicator of consumer inflation and energy costs, providing important insights into household spending and transportation-related expenses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households across the EU and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and governments utilize this HICP component to inform monetary and fiscal policies aimed at price stability and supporting household purchasing power.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for European Union (28 Countries) (CP0722EU28M086NEST), retrieved from FRED.