Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0712E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.46
Year-over-Year Change
-0.70%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cycles, Bicycles, and Animal Drawn Vehicles tracks price changes for these transportation items in the European Economic Area. This metric provides insight into consumer spending and inflation trends within the EEA.
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 is a comprehensive measure of consumer price inflation in the European Economic Area. This specific index focuses on the prices paid by consumers for motorcycles, bicycles, and animal-drawn vehicles, which are important indicators of economic activity and household expenditures.
Methodology
The data is collected through surveys of retailers and service providers across the EEA member states.
Historical Context
Policymakers and analysts use this HICP index to monitor price stability and inform monetary and fiscal decisions.
Key Facts
- The EEA includes 30 countries as of 2023.
- Prices for motorcycles, bicycles, and animal-drawn vehicles make up a small but important component of consumer spending.
- This HICP index uses a base year of 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Motor Cycles, Bicycles, and Animal Drawn Vehicles tracks price changes for these transportation items in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides insight into consumer spending and inflation trends within the EEA, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across the EEA member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to monitor price stability and inform monetary and fiscal decisions within the European Economic Area.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0712E3CCM086NEST), retrieved from FRED.