Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Euro Area (19 Countries)
CP0721EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.78
Year-over-Year Change
1.27%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spare Parts and Accessories for Personal Transport Equipment tracks changes in the prices paid by consumers in the Euro Area (19 countries) for these items. This metric is closely monitored by economists and policymakers to gauge inflationary pressures.
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 standardized measure of consumer price inflation across Europe, used to assess price stability and guide monetary policy. The Spare Parts and Accessories for Personal Transport Equipment component specifically reflects costs related to vehicle maintenance and repair.
Methodology
The HICP data is collected through surveys of consumer expenditures and retail prices across the Eurozone.
Historical Context
This economic indicator is a key input for the European Central Bank's monetary policy decisions.
Key Facts
- The Eurozone HICP covers about 60% of consumer spending.
- The Spare Parts and Accessories component makes up around 3% of the overall HICP basket.
- HICP data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Spare Parts and Accessories for Personal Transport Equipment tracks changes in the prices paid by consumers in the Euro Area (19 countries) for these automotive-related items.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers as an indicator of inflationary pressures and consumer spending patterns related to vehicle maintenance and repair.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and retail prices across the Eurozone.
Q: How is this trend used in economic policy?
A: The Spare Parts and Accessories HICP component is a key input for the European Central Bank's monetary policy decisions aimed at maintaining price stability across the Euro Area.
Q: Are there update delays or limitations?
A: HICP data is released monthly by Eurostat with a lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Euro Area (19 Countries) (CP0721EZ19M086NEST), retrieved from FRED.