Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Union (28 Countries)
CP1254EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.47
Year-over-Year Change
1.95%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Union (28 Countries) tracks changes in the prices of insurance services related to transportation in the EU.
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
This index is a key measure of inflation and a component of the broader Harmonized Index of Consumer Prices (HICP), which is used to assess price stability across the Eurozone.
Methodology
The data is collected through surveys of consumers and businesses.
Historical Context
Policymakers and analysts use this index to monitor price trends and guide monetary policy decisions.
Key Facts
- Covers 28 countries in the European Union.
- Part of the broader Harmonized Index of Consumer Prices (HICP).
- Used to assess price stability and guide monetary policy.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of insurance services related to transportation in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is a key component of the broader Harmonized Index of Consumer Prices (HICP), which is used to assess price stability and guide monetary policy decisions across the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor price trends and inform monetary policy decisions in the European Union.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Union (28 Countries) (CP1254EU28M086NEST), retrieved from FRED.