Harmonized Index of Consumer Prices: Services Related to Transport for European Union (28 Countries)
SERVTREU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.46
Year-over-Year Change
2.30%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Services Related to Transport in the European Union (28 countries) measures the price changes of a basket of transportation-related services over time. This key economic indicator helps analysts and policymakers understand consumer price trends and inflation dynamics.
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 for Services Related to Transport represents the price changes of a weighted basket of services such as passenger transport by road, rail, air, and sea. It is a core component of the broader HICP, which is the primary measure of consumer price inflation in the EU.
Methodology
The data is collected through consumer price surveys and aggregated by Eurostat.
Historical Context
The HICP Services Related to Transport index is closely monitored by the European Central Bank and other authorities to inform monetary policy decisions.
Key Facts
- The EU's HICP has a base year of 2015.
- Transportation services account for around 15% of the total HICP basket.
- Prices for services related to transport have risen 9.2% since 2015.
FAQs
Q: What does this economic trend measure?
A: The HICP for Services Related to Transport measures the price changes of a basket of transportation-related services in the European Union, including passenger transport by road, rail, air, and sea.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer inflation dynamics and is a key input for policymakers when assessing price pressures and setting monetary policy in the EU.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Services Related to Transport index is closely monitored by the European Central Bank and other authorities to inform monetary policy decisions and assess inflationary pressures in the EU.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
Related Trends
Harmonized Index of Consumer Prices: Spirits for European Union (28 Countries)
CP0211EU28M086NEST
Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Euro Area (19 Countries)
CP0540EZ19M086NEST
Harmonized Unemployment: Aged 15-24: Females for the European Union
LFHU24FEEUM647N
Consumer Price Index: Harmonized Prices: Total All Items for the European Union
CPHPTT01EUM657N
Net Trade: Value Goods for the European Union
XTNTVA01EUM667S
Harmonized Index of Consumer Prices: Services for the Maintenance and Repair of the Dwelling for European Union (28 Countries)
CP0432EU28M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Transport for European Union (28 Countries) (SERVTREU28M086NEST), retrieved from FRED.