Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Slovakia
CP0722SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.19
Year-over-Year Change
-4.95%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment measures the price changes of these products in Slovakia. This metric is a key indicator of inflation and consumer spending trends 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 HICP is a standardized measure of consumer price inflation across European Union member states. The Fuels and Lubricants for Personal Transport Equipment component tracks the prices of fuel, oil, and other related products used for private vehicles. This data point is widely used by economists and policymakers to assess economic conditions and the cost of living.
Methodology
The HICP data is collected through a survey of consumer expenditures and prices by Eurostat, the European Union's statistical agency.
Historical Context
The HICP Fuels and Lubricants index is an important input for monetary policy decisions made by the European Central Bank.
Key Facts
- Covers prices of fuel, motor oil, and other transport-related products in Slovakia.
- Measured on a harmonized basis across EU member states for comparability.
- An important indicator of inflation and consumer spending in the transportation sector.
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 these products in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer spending trends in the transportation sector, which is widely used by economists and policymakers to assess economic conditions and the cost of living.
Q: How is this data collected or calculated?
A: The HICP data is collected through a survey of consumer expenditures and prices by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: The HICP Fuels and Lubricants index is an important input for monetary policy decisions made by the European Central Bank.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a typical release 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 Slovakia (CP0722SKM086NEST), retrieved from FRED.