Harmonized Index of Consumer Prices: Passenger Transport by Railway for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0731E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.99
Year-over-Year Change
1.48%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Railway measures the change in prices for rail travel across the European Economic Area (EEA). This indicator is a key metric for understanding consumer price inflation and the purchasing power of households in the EEA.
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 for Passenger Transport by Railway is a component of the broader HICP, which is the primary measure of consumer price inflation used by the European Central Bank and other policymakers. This railway-specific index tracks the price changes experienced by consumers for rail transportation services within the EEA.
Methodology
The data is collected by national statistical agencies and compiled by Eurostat using harmonized definitions and methods.
Historical Context
This index is used by economists and policymakers to assess inflationary pressures and the cost of living within the EEA.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- The HICP is calculated using a harmonized methodology across the EEA.
- Rail transport is a significant component of consumer spending in many EEA countries.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Railway tracks the change in prices for rail travel across the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer price inflation and the purchasing power of households within the EEA, making it relevant for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and compiled by Eurostat using harmonized definitions and methods.
Q: How is this trend used in economic policy?
A: The HICP for Passenger Transport by Railway is used by the European Central Bank and other policymakers to assess inflationary pressures and the cost of living within the EEA.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting or differences in data collection across EEA countries.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Railway for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0731E3CCM086NEST), retrieved from FRED.