Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Spain
CP0722ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.42
Year-over-Year Change
-6.08%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment in Spain measures the changes in prices paid by Spanish consumers for these products. It provides important insights into inflation and consumer spending patterns.
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 is a harmonized index used across the European Union to track consumer price changes over time. The Fuels and Lubricants for Personal Transport Equipment component focuses on the prices of automotive fuels, oils, and lubricants purchased by Spanish households.
Methodology
The data is collected through surveys of consumer purchases and calculated using a standard methodology by Eurostat.
Historical Context
This index is closely monitored by policymakers and analysts to assess the cost-of-living pressures facing Spanish consumers.
Key Facts
- Spain's HICP for Fuels and Lubricants reached a record high in 2022.
- Fuels and lubricants account for a significant portion of Spanish household budgets.
- The index is used to track real purchasing power and cost-of-living changes.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment in Spain measures the changes in prices paid by Spanish consumers for these automotive products.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflation and consumer spending patterns, and is closely monitored by policymakers and analysts to assess the cost-of-living pressures facing Spanish households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a standard methodology by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Fuels and Lubricants in Spain is used by policymakers and economists to track real purchasing power and cost-of-living changes, informing decisions related to economic policy and consumer welfare.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a short delay, providing timely insights into consumer price trends in Spain.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Spain (CP0722ESM086NEST), retrieved from FRED.