Harmonized Index of Consumer Prices: Passenger Transport by Road for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0732E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.39
Year-over-Year Change
2.92%
Date Range
1/1/1996 - 7/1/2025
Summary
This economic indicator tracks changes in the price of passenger transport by road across the European Economic Area. It serves as an important measure of inflation and consumer spending in the region.
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 Harmonized Index of Consumer Prices for Passenger Transport by Road is a key component of the broader HICP basket used to monitor price levels in the EEA. It reflects the costs faced by households for road-based travel, which is a significant portion of consumer expenditures.
Methodology
The data is collected through surveys of households and businesses across the participating EEA nations.
Historical Context
Policymakers at the European Central Bank closely monitor this index as part of their mandate to maintain price stability.
Key Facts
- The EEA includes 30 countries as of 2006.
- Road transport accounts for over 60% of total passenger travel in the EEA.
- This index has been published monthly since 1996.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices consumers pay for passenger transport by road across the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: It provides an important measure of inflation and consumer spending that is closely monitored by policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses across the participating EEA nations.
Q: How is this trend used in economic policy?
A: The European Central Bank uses this index as part of its mandate to maintain price stability in the region.
Q: Are there update delays or limitations?
A: The index has been published monthly since 1996 with no significant delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Road for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0732E3CCM086NEST), retrieved from FRED.