Harmonized Index of Consumer Prices: Transport Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0730E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.64
Year-over-Year Change
3.19%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Transport Services in the European Economic Area (EEA) measures the change in prices for a basket of transportation-related goods and services. This key economic indicator helps policymakers and analysts assess inflationary pressures and consumer demand.
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 Transport Services index tracks the costs of various transportation modes, including private vehicles, public transit, and intercity travel. It is an important component of the overall HICP, which is the primary measure of inflation in the European Union.
Methodology
The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the EU.
Historical Context
The HICP Transport Services index is widely used by central banks, governments, and financial markets to inform monetary and fiscal policies.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Transport services account for about 13% of the total HICP basket.
- The index is published monthly with a lag of around 2 months.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Transport Services measures the change in prices for a basket of transportation-related goods and services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key component of the overall HICP, which is the primary measure of inflation in the EU. It helps policymakers and analysts assess inflationary pressures and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the EU.
Q: How is this trend used in economic policy?
A: The HICP Transport Services index is widely used by central banks, governments, and financial markets to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Transport Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0730E3CCM086NEST), retrieved from FRED.