Harmonized Index of Consumer Prices: Passenger Transport by Air for Spain
CP0733ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.55
Year-over-Year Change
5.80%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Passenger Transport by Air for Spain measures the change in prices paid by Spanish consumers for air transportation. This key economic indicator provides insights into inflation and consumer spending patterns.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across the European Union. The Passenger Transport by Air component specifically tracks the prices of air travel for Spanish households, a significant consumer expenditure category.
Methodology
The data is collected through surveys of airline ticket prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and economists monitor this index to gauge inflationary pressures and consumer behavior in the air travel sector.
Key Facts
- Spain is the 4th largest air travel market in Europe.
- Air transport accounts for around 3% of Spanish household expenditures.
- The HICP for air travel has risen over 20% in Spain since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Passenger Transport by Air for Spain measures changes in the prices paid by Spanish consumers for air travel.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer spending patterns in a key sector of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of airline ticket prices and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to gauge consumer behavior and inflationary dynamics in the air travel industry.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Air for Spain (CP0733ESM086NEST), retrieved from FRED.