Harmonized Index of Consumer Prices: Other Purchased Transport Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0736E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.25
Year-over-Year Change
1.10%
Date Range
1/1/1996 - 12/1/2015
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Purchased Transport Services tracks price changes for various transportation services in the European Economic Area (EEA). This measure is crucial for monitoring inflation and cost-of-living trends across Europe.
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 Other Purchased Transport Services covers a range of consumer transportation services, including taxis, motorcycles, and other vehicles not used for personal use. This index is a key indicator of price dynamics in the EEA economy and helps policymakers assess the overall inflationary environment.
Methodology
The data is collected through surveys of consumer expenditures and prices across the EEA member states.
Historical Context
HICP indexes are widely used by the European Central Bank and other institutions to evaluate monetary policy and economic conditions.
Key Facts
- The HICP covers 30 European countries as of 2022.
- Transport services account for around 13% of total consumer expenditures in the EEA.
- Other Purchased Transport Services exclude personal vehicle ownership and operation.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Purchased Transport Services tracks price changes for various transportation services in the European Economic Area (EEA), including taxis, motorcycles, and other vehicles not used for personal use.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of price dynamics in the EEA economy and helps policymakers, economists, and analysts assess the overall inflationary environment and cost-of-living trends across Europe.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across the EEA member states.
Q: How is this trend used in economic policy?
A: HICP indexes are widely used by the European Central Bank and other institutions to evaluate monetary policy and economic conditions in the European Union.
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: Other Purchased Transport Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0736E3CCM086NEST), retrieved from FRED.