Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for European Union (27 Countries from 2020)
CP0722EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.83
Year-over-Year Change
-5.30%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants measures price changes for fuels and lubricants used for personal transportation in the European Union. This key economic indicator helps analysts and policymakers understand household spending and 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 for Fuels and Lubricants tracks the prices of automotive fuels, lubricants, and other related products consumed by households in the EU. It is a critical component of the broader HICP, which is the primary gauge of inflation used by the European Central Bank to guide monetary policy.
Methodology
The data is collected through surveys of consumer prices and calculated as a weighted index.
Historical Context
This indicator provides insight into energy costs and their impact on consumer budgets and overall price levels.
Key Facts
- The HICP for Fuels and Lubricants has a base year of 2015 = 100.
- Automotive fuels make up the largest component of this index.
- This indicator is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants measures the price changes of automotive fuels, lubricants, and related products consumed by households in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into energy costs and their impact on consumer budgets and overall price levels, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated as a weighted index by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Fuels and Lubricants is a key component of the broader HICP, which is the primary gauge of inflation used by the European Central Bank to guide monetary policy.
Q: Are there update delays or limitations?
A: This indicator is released monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for European Union (27 Countries from 2020) (CP0722EU272020M086NEST), retrieved from FRED.