Harmonized Index of Consumer Prices: Transport for European Union
CP0700EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.89
Year-over-Year Change
0.04%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Transport for European Union measures changes in the prices of transportation goods and services for consumers in the EU. This key economic indicator provides insights into inflationary pressures and consumer behavior.
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 Harmonized Index of Consumer Prices: Transport is a component of the overall Harmonized Index of Consumer Prices (HICP), the primary measure of consumer price inflation in the European Union. The transport sub-index tracks price changes for various modes of transportation, including private vehicles, public transit, and related services.
Methodology
The European Union's statistical agency, Eurostat, collects and aggregates price data from member states to calculate this index.
Historical Context
Policymakers at the European Central Bank and national governments closely monitor this index to inform monetary and fiscal policies.
Key Facts
- The transport sub-index accounts for around 15% of the total HICP basket.
- Prices for vehicles, fuel, and public transport are the main components.
- This index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Transport measures changes in the prices of transportation goods and services purchased by consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer behavior related to transportation, which is a significant component of household spending.
Q: How is this data collected or calculated?
A: Eurostat collects price data from EU member states and calculates the Harmonized Index of Consumer Prices: Transport.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank and national governments use this index to inform monetary and fiscal policies aimed at managing inflation and supporting economic growth.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices: Transport is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Transport for European Union (CP0700EUCCM086NEST), retrieved from FRED.