Harmonized Index of Consumer Prices: Services Related to Transport for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
SERVTRE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.38
Year-over-Year Change
4.15%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Services Related to Transport for European Economic Area (EEA18-2004, EEA28-2006, EEA30) measures changes in the prices of transport-related services for consumers in the EEA region. This metric is a key indicator of inflation and consumer spending trends.
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: Services Related to Transport tracks the prices of services like passenger transport by road, rail, air, and sea, as well as auxiliary transport services. This index is an important economic indicator used by policymakers and analysts to assess inflationary pressures and consumer behavior in the EEA.
Methodology
The data is collected through surveys of businesses and consumers across the EEA region.
Historical Context
This index provides valuable insights into consumer demand and price dynamics within the European transport services sector.
Key Facts
- The EEA includes 30 countries as of 2023.
- Transport services account for a significant portion of consumer spending.
- The HICP is a harmonized measure used across the EEA.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Services Related to Transport measures changes in the prices of transport-related services for consumers in the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer behavior in the European transport services sector, providing valuable insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers across the EEA region.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to assess the state of the European transport services market and its impact on overall inflation and consumer spending.
Q: Are there update delays or limitations?
A: The HICP: Services Related to Transport data is published on a regular schedule, with some potential for minor delays in data reporting across the EEA.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Transport for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (SERVTRE3CCM086NEST), retrieved from FRED.