Harmonized Index of Consumer Prices: Purchase of Vehicles for France
CP0710FRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.57
Year-over-Year Change
0.62%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Purchase of Vehicles for France measures the price changes of vehicles purchased by French consumers. This metric is a key indicator of consumer spending and automotive market 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 used across the European Union. The Purchase of Vehicles component specifically tracks the prices of cars, motorcycles, bicycles, and other vehicles acquired by French households.
Methodology
The data is collected through surveys of retail prices by the French National Institute of Statistics and Economic Studies (INSEE).
Historical Context
Analysts and policymakers use this index to assess French consumer demand and the state of the automotive industry.
Key Facts
- The base year for the HICP is 2015 = 100.
- France accounts for approximately 15% of the Eurozone's total HICP.
- Vehicle purchases make up around 7% of the total French HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Purchase of Vehicles for France measures the changes in prices paid by French consumers for the purchase of cars, motorcycles, bicycles, and other vehicles.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into French consumer demand and spending patterns in the automotive market, which is an important component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through retail price surveys conducted by the French National Institute of Statistics and Economic Studies (INSEE).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and consumer behavior in the French automotive sector, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for France (CP0710FRM086NEST), retrieved from FRED.