Harmonized Index of Consumer Prices: Purchase of Vehicles for Spain
CP0710ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.78
Year-over-Year Change
1.67%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Purchase of Vehicles for Spain measures the price changes of vehicles purchased by Spanish consumers. It is a key indicator for monitoring 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across the European Union. The Purchase of Vehicles component specifically tracks the prices of new and used vehicles, providing insights into consumer transportation costs and preferences.
Methodology
The data is collected through surveys of businesses and households by the Spanish National Statistics Institute.
Historical Context
This index is used by policymakers and economists to assess inflationary pressures and consumer demand in the Spanish automotive market.
Key Facts
- The base year for the index is 2015 = 100.
- Vehicle prices account for approximately 5% of the total HICP basket in Spain.
- Prices are collected from a sample of 11,000 outlets across Spain.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Purchase of Vehicles for Spain measures the price changes of new and used vehicles purchased by Spanish consumers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer transportation costs and preferences, which are important for understanding overall inflation and consumer spending patterns in Spain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Spanish National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures and consumer demand in the Spanish automotive market, which informs decisions related to monetary policy and economic growth.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Spain (CP0710ESM086NEST), retrieved from FRED.