Harmonized Index of Consumer Prices: Motor Cars for Euro Area (19 Countries)
CP0711EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.54
Year-over-Year Change
1.71%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cars measures the price change of automobiles in the Eurozone. This important economic indicator provides insights into consumer spending and inflationary pressures in the Eurozone automobile market.
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 Motor Cars is a component of the overall HICP, which is the main measure of inflation used by the European Central Bank to guide monetary policy. The motor cars index specifically tracks price changes for new and used passenger vehicles.
Methodology
The HICP is calculated based on a representative basket of consumer goods and services, with prices collected from various retail outlets.
Historical Context
The HICP for Motor Cars is used by policymakers, economists, and market analysts to assess consumer demand and inflationary trends in the Eurozone automotive industry.
Key Facts
- The Eurozone includes 19 of the 27 European Union member states.
- The HICP is calculated monthly and published by Eurostat.
- Motor vehicles account for a significant portion of household spending in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Motor Cars measures the price change of automobiles in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Motor Cars provides insights into consumer spending and inflationary pressures in the Eurozone automobile market, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative basket of consumer goods and services, with prices collected from various retail outlets.
Q: How is this trend used in economic policy?
A: The HICP for Motor Cars is used by the European Central Bank to guide monetary policy in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP is calculated monthly and published by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cars for Euro Area (19 Countries) (CP0711EZ19M086NEST), retrieved from FRED.