Harmonized Index of Consumer Prices: Combined Passenger Transport for European Union
CP0735EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.88
Year-over-Year Change
7.25%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Combined Passenger Transport for European Union measures the price changes of passenger transport services in the European Union. This trend provides valuable insights into consumer spending patterns and price inflation.
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 key economic indicator used to measure the rate of inflation in the European Union. The Combined Passenger Transport component tracks the prices of various passenger transport modes, including rail, road, and air travel.
Methodology
The data is collected by national statistical institutes across the EU and compiled by Eurostat.
Historical Context
Policymakers and analysts use this index to assess the overall cost of living and inform monetary policy decisions.
Key Facts
- The HICP is the primary inflation measure used by the European Central Bank.
- Combined Passenger Transport accounts for around 3% of the total HICP basket.
- Prices are measured across 27 EU member states and aggregated to the EU level.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Combined Passenger Transport for European Union measures the price changes of various passenger transport services, including rail, road, and air travel, across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and price inflation, which are crucial for policymakers and analysts to assess the overall cost of living and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by national statistical institutes across the EU and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the overall cost of living and inform monetary policy decisions in the European Union.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Combined Passenger Transport for European Union (CP0735EUCCM086NEST), retrieved from FRED.