Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Euro Area (19 Countries)
CP0723EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.44
Year-over-Year Change
3.98%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment tracks the prices paid by consumers in the Eurozone for services related to maintaining and repairing their personal vehicles.
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 comprehensive measure of inflation across the Eurozone economies. The Maintenance and Repair of Personal Transport Equipment component specifically focuses on the costs associated with maintaining and repairing private vehicles, an important expenditure for many households.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies.
Historical Context
This index is closely monitored by the European Central Bank and policymakers to assess inflationary pressures in the Eurozone.
Key Facts
- The Eurozone consists of 19 member countries that have adopted the euro as their common currency.
- Consumer spending on personal transport equipment accounts for a significant portion of the typical household budget.
- The HICP is calculated using a harmonized methodology across Eurozone countries to ensure comparability.
FAQs
Q: What does this economic trend measure?
A: This index tracks the prices paid by consumers in the Eurozone for services related to maintaining and repairing their personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: The Maintenance and Repair of Personal Transport Equipment component of the HICP is an important indicator of inflationary pressures and household spending patterns in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies in the Eurozone countries.
Q: How is this trend used in economic policy?
A: The HICP, including the Maintenance and Repair of Personal Transport Equipment component, is closely monitored by the European Central Bank and policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short delay, and the methodology is harmonized across Eurozone countries to ensure comparability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Euro Area (19 Countries) (CP0723EZ19M086NEST), retrieved from FRED.