Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Germany
CP0720DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.00
Year-over-Year Change
-0.36%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Operation of Personal Transport Equipment in Germany measures price changes in costs related to operating personal vehicles, providing insight into a key component of household spending.
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
This index tracks the prices of goods and services associated with the operation of personal transport equipment, including fuel, maintenance, and other vehicle-related expenses. It is a vital indicator for understanding inflationary pressures and consumer behavior in the German economy.
Methodology
The data is collected through surveys of consumers and businesses, then aggregated and adjusted to provide a harmonized, nationally representative measure.
Historical Context
Policymakers and economists use this index to assess the impact of transport costs on household budgets and overall inflation.
Key Facts
- The index is part of the Harmonized Index of Consumer Prices (HICP) framework.
- Transport costs account for a significant share of household budgets in Germany.
- The data is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of goods and services related to the operation of personal transport equipment, such as fuel, maintenance, and other vehicle-related expenses in Germany.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into a key component of household spending, helping to assess the impact of transport costs on consumer budgets and overall inflation in the German economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, then aggregated and adjusted to provide a harmonized, nationally representative measure.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to understand the impact of transport costs on household budgets and to inform decisions related to inflation, consumer spending, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, with some potential for minor delays in release.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Germany (CP0720DEM086NEST), retrieved from FRED.