Harmonized Index of Consumer Prices: Gas for Euro Area (18 countries)
CP0452EZ18M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.78
Year-over-Year Change
67.00%
Date Range
12/1/1999 - 11/1/2022
Summary
The Harmonized Index of Consumer Prices: Gas for Euro Area (18 countries) measures the price of gasoline and other automotive fuels in the Eurozone. This key economic indicator helps track inflation and consumer purchasing power.
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 series represents the price index for gas and other automotive fuels within the Harmonized Index of Consumer Prices (HICP) for the Eurozone countries. The HICP is a widely used metric to analyze consumer price trends and the impact on household budgets.
Methodology
The data is collected by national statistical agencies and harmonized by Eurostat to ensure comparability across the Eurozone.
Historical Context
Policymakers and economists closely monitor this index to gauge inflationary pressures and the cost of living for Eurozone consumers.
Key Facts
- The Eurozone gas price index has a base year of 2015.
- Automotive fuels account for around 5% of the overall HICP basket.
- Prices are harmonized across Eurozone countries for comparison.
FAQs
Q: What does this economic trend measure?
A: This index measures the price of gasoline and other automotive fuels within the Harmonized Index of Consumer Prices (HICP) for the Eurozone countries.
Q: Why is this trend relevant for users or analysts?
A: The Eurozone gas price index is a key indicator of consumer price inflation and the cost of living for households in the region.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and harmonized by Eurostat to ensure comparability across the Eurozone.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to gauge inflationary pressures and the cost of living for Eurozone consumers.
Q: Are there update delays or limitations?
A: The Eurozone gas price index is published monthly with a short lag time.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (20 Countries)
TOTNRGFOODEA20MI15XM
Consumer Price Index: Harmonised Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for the Euro Area (19 Countries)
EA19CPHP0400GPM
Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for the Euro Area (19 Countries)
EA19LORSGPORGYSAM
Real Residential Property Prices for Euro area
QXMR628BIS
Working Age Population: Aged 25-54: Females for the Euro Area (19 Countries)
LFWA25FEEZA647S
Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for Euro Area (18 countries)
CP0920EZ18M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Gas for Euro Area (18 countries) (CP0452EZ18M086NEST), retrieved from FRED.