Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Portugal
CP0723PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.15
Year-over-Year Change
7.14%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment measures price changes for services related to maintaining and repairing private vehicles in Portugal. This metric provides insight into inflationary pressures in the transportation 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 member states. The Maintenance and Repair of Personal Transport Equipment subindex tracks the costs associated with maintaining and repairing privately owned vehicles, which is a key component of household transportation expenditures.
Methodology
This HICP subindex is calculated based on monthly price surveys of a representative basket of goods and services.
Historical Context
Monitoring trends in this HICP component can inform policymakers and analysts about price dynamics in the transportation market.
Key Facts
- The HICP is harmonized across EU member states to enable cross-country comparisons.
- Maintenance and repair costs account for a significant portion of household transportation expenditures.
- This HICP subindex can signal changes in demand, supply, and competition in the vehicle services market.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment tracks the prices of services related to maintaining and repairing privately owned vehicles in Portugal.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this HICP subindex provides insight into inflationary pressures in the transportation sector, which is a key component of household budgets and can inform economic policymaking.
Q: How is this data collected or calculated?
A: The HICP for Maintenance and Repair of Personal Transport Equipment is calculated based on monthly price surveys of a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Trends in this HICP component can inform policymakers and analysts about price dynamics in the transportation market, which is relevant for monetary policy, consumer spending, and other economic indicators.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or revisions due to the survey-based methodology used to calculate this HICP subindex.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Portugal (CP0723PTM086NEST), retrieved from FRED.