Harmonized Index of Consumer Prices: Passenger Transport by Air for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0733E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.14
Year-over-Year Change
1.15%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Air measures the inflation rate for air travel services within the European Economic Area (EEA). This key indicator provides insights into the pricing trends of a major consumer expenditure category.
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 Passenger Transport by Air tracks the price changes over time of air travel services purchased by households in the EEA. This index is a critical component of the broader HICP, which is the primary inflation measure used by the European Central Bank for monetary policy decisions.
Methodology
The data is collected through surveys of air travel providers and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists closely monitor this index to assess the impact of market conditions and regulations on air travel affordability for European consumers.
Key Facts
- The EEA includes all 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Air travel is a significant expenditure category for European households, accounting for over 5% of total consumer spending.
- The HICP for Passenger Transport by Air is calculated using a chained index methodology to track price changes over time.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Air measures the inflation rate for air travel services within the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into the pricing of a major consumer expenditure category, which is essential for policymakers and economists assessing the impact of market conditions and regulations on air travel affordability for European consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of air travel providers and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the impact of market conditions and regulations on air travel affordability for European consumers.
Q: Are there update delays or limitations?
A: The HICP for Passenger Transport by Air data is published monthly by Eurostat, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Air for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0733E3CCM086NEST), retrieved from FRED.