Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Union
CP1254EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.86
Year-over-Year Change
7.36%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Insurance Connected with Transport measures changes in the prices paid by European Union consumers for insurance services related to transportation. This metric is a key indicator of inflationary pressures and consumer spending 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
The Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union member states. The Insurance Connected with Transport component specifically tracks the prices of insurance products like vehicle, travel, and accident coverage, providing insights into a crucial consumer spending category.
Methodology
The data is collected through surveys of retail prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this HICP component to monitor price stability and consumer behavior within the EU single market.
Key Facts
- The HICP is a harmonized measure used across the European Union.
- Insurance connected with transport is about 2% of the total HICP basket.
- Prices for this category have risen over 2% annually on average in the EU.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Insurance Connected with Transport tracks changes in the prices paid by European Union consumers for insurance services related to transportation.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into inflationary pressures and consumer spending patterns within the EU single market, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to monitor price stability and consumer behavior within the EU, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Union (CP1254EUCCM086NEST), retrieved from FRED.