Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain
ESPCPHP0700GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain measures the change in prices for transportation goods and services in Spain. This metric is a key indicator of inflation and consumer spending patterns in the Spanish economy.
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 Consumer Price Index (CPI) is a widely-used economic indicator that tracks the average change in prices paid by consumers for a basket of goods and services. The COICOP 07 index specifically monitors the transport component, including private and public transportation, vehicle purchases, and fuel costs.
Methodology
The data is collected through surveys of households and businesses by the National Statistics Institute of Spain.
Historical Context
Policymakers and economists analyze the CPI Transport index to understand shifts in consumer demand, supply chain issues, and inflationary pressures in the Spanish market.
Key Facts
- Spain's CPI Transport index has risen 5.4% over the past year.
- Transport costs account for 14.5% of the total Spanish consumer price basket.
- The index is published monthly by the National Statistics Institute of Spain.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain measures the change in prices for transportation goods and services in the Spanish economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI Transport index is a key indicator of inflationary pressures and consumer spending patterns in Spain, providing important insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CPI Transport index to monitor inflation, consumer demand, and supply chain issues in the Spanish market, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI Transport index for Spain is published monthly with a short delay, providing timely data for analysis and policy decisions.
Related Trends
Value of Exports to Spain from Puerto Rico
PRESPA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Spain
ESPCP050000IXOBM
Boone Indicator in Banking Market for Spain
DDOI05ESA156NWDB
Bank's Return on Equity for Spain
DDEI06ESA156NWDB
Employment to Population Rate: All Ages: All Persons for Spain
LREPTTTTESQ156S
Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Spain
00XFROESM086NEST
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain (ESPCPHP0700GPM), retrieved from FRED.