Harmonized Index of Consumer Prices: Passenger Transport by Air for European Union (28 Countries)
CP0733EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.17
Year-over-Year Change
7.88%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Air in the European Union (28 countries) measures the change in prices paid by consumers for air travel within the EU. This trend is a key indicator of inflation 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 widely-used measure of consumer price inflation in Europe. The Passenger Transport by Air component specifically tracks the prices paid by consumers for air travel, which is an important part of household budgets and a significant sector of the economy.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers and analysts use this HICP trend to monitor price dynamics in the European air travel market.
Key Facts
- The base year for the HICP is 2015 = 100.
- Air travel accounts for around 3% of the overall HICP basket.
- Prices are collected for a representative sample of airline routes and class types.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Passenger Transport by Air measures the change in prices paid by consumers for air travel within the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of inflation in the air travel sector, which is a significant part of household budgets and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP trend to monitor price dynamics in the European air travel market and its impact on overall inflation.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Air for European Union (28 Countries) (CP0733EU28M086NEST), retrieved from FRED.