Harmonized Index of Consumer Prices: Other Services in Respect of Personal Transport Equipment for European Union (27 Countries from 2020)
CP0724EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.28
Year-over-Year Change
3.36%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Services in Respect of Personal Transport Equipment measures the changes in prices paid by consumers for services related to personal transportation in the European Union. This economic indicator is crucial for assessing inflation and consumer spending patterns.
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 harmonized measure of consumer price inflation across European Union countries. The Other Services in Respect of Personal Transport Equipment component tracks the prices of services like vehicle maintenance, parking fees, and tolls, providing insights into household spending on personal transportation.
Methodology
The HICP data is collected through surveys of consumer expenditures and prices from a representative sample of retailers and service providers.
Historical Context
Policymakers and analysts use this HICP component to monitor inflationary pressures and consumer behavior within the European single market.
Key Facts
- The HICP is a monthly economic indicator for the European Union.
- The Other Services in Respect of Personal Transport Equipment component accounts for around 2% of the total HICP basket.
- This HICP component helps track changes in the cost of personal transportation services.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Services in Respect of Personal Transport Equipment measures the changes in prices paid by consumers for services related to personal transportation in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into inflationary pressures and consumer spending patterns on personal transportation services, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and prices from a representative sample of retailers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to monitor inflationary pressures and consumer behavior within the European single market.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with a typical delay of around 2 weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Services in Respect of Personal Transport Equipment for European Union (27 Countries from 2020) (CP0724EU272020M086NEST), retrieved from FRED.