Harmonized Index of Consumer Prices: Purchase of Vehicles for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0710E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.21
Year-over-Year Change
0.74%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for the Purchase of Vehicles in the European Economic Area (EEA) tracks changes in the prices paid by consumers for a basket of vehicle purchases across the EEA, providing a key economic indicator for policymakers and analysts.
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 Purchase of Vehicles index is a component of the broader HICP, which measures the changes in consumer prices across the EEA. This specific index focuses on the costs associated with purchasing vehicles, an important economic activity that reflects consumer demand and confidence.
Methodology
The data is collected through surveys of consumer prices across the EEA region.
Historical Context
The HICP Purchase of Vehicles index is used by central banks, governments, and economic analysts to assess inflationary pressures and consumer spending patterns.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Vehicle purchases account for a significant portion of consumer spending in the EEA.
- The HICP Purchase of Vehicles index is a key input for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for the Purchase of Vehicles in the European Economic Area (EEA) tracks changes in the prices paid by consumers for a basket of vehicle purchases across the EEA region.
Q: Why is this trend relevant for users or analysts?
A: The HICP Purchase of Vehicles index is an important economic indicator that provides insights into consumer demand, inflationary pressures, and broader trends in the automotive industry across the EEA.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the EEA region.
Q: How is this trend used in economic policy?
A: The HICP Purchase of Vehicles index is used by central banks, governments, and economic analysts to assess inflationary pressures and consumer spending patterns, which inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP Purchase of Vehicles index is published on a monthly basis, with some potential for slight delays in data availability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0710E3CCM086NEST), retrieved from FRED.