Harmonized Index of Consumer Prices: Purchase of Vehicles for Bulgaria
CP0710BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.84
Year-over-Year Change
-0.62%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Bulgaria measures changes in the prices consumers pay for vehicle purchases. This metric is crucial for evaluating 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 for Purchase of Vehicles in Bulgaria is a component of the overall HICP, which tracks changes in the prices of a representative basket of consumer goods and services. The vehicle purchase subindex focuses specifically on the prices consumers pay when buying new or used vehicles.
Methodology
The data is collected through a survey of retailers and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this indicator to assess inflationary pressures and consumer demand in the Bulgarian automobile market.
Key Facts
- The HICP tracks price changes for a fixed basket of consumer goods and services.
- Vehicle purchases account for a significant portion of household spending.
- The HICP is a key metric used by the European Central Bank to set monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Bulgaria measures changes in the prices consumers pay for new and used vehicle purchases.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating inflation and consumer spending trends in the Bulgarian automotive market, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess inflationary pressures and consumer demand in the Bulgarian automobile market, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Bulgaria (CP0710BGM086NEST), retrieved from FRED.