Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Croatia
CP0723HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.14
Year-over-Year Change
12.40%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment in Croatia measures the change in prices for services related to maintaining and repairing personal vehicles. This metric is important for economists and policymakers to understand inflation pressures in the transport sector.
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 European Union countries. The Maintenance and Repair of Personal Transport Equipment component tracks price changes for services like mechanic labor, replacement parts, and other vehicle upkeep costs for Croatian consumers.
Methodology
The data is collected through surveys of retail establishments and service providers.
Historical Context
Trends in this HICP component can inform monetary and fiscal policies aimed at managing inflation.
Key Facts
- Croatia joined the Eurozone in 2023.
- Transportation accounts for about 13% of Croatian consumer spending.
- HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This HICP metric measures changes in the prices paid by Croatian consumers for services related to maintaining and repairing their personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: Trends in this HICP component provide insight into inflation pressures within the Croatian transportation sector, which is important for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Croatia.
Q: How is this trend used in economic policy?
A: Monitoring this HICP component can help inform monetary and fiscal policies aimed at managing overall consumer price inflation in Croatia.
Q: Are there update delays or limitations?
A: This HICP data is published monthly by Eurostat with minimal publication delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Croatia (CP0723HRM086NEST), retrieved from FRED.