Harmonized Index of Consumer Prices: Other Purchased Transport Services for Euro Area (19 Countries)
CP0736EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.00
Year-over-Year Change
2.94%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Other Purchased Transport Services in the Euro Area (19 countries) tracks the changes in the cost of transportation services purchased by consumers, excluding private transportation. This metric is a key economic indicator used by policymakers to monitor 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 consumer price index designed for international comparisons of inflation across European Union member states. The 'Other Purchased Transport Services' component specifically measures the price changes in transportation services like taxis, trains, and airfare, which are important for understanding consumer spending patterns.
Methodology
The HICP data is collected through surveys of consumer expenditures and prices across the Euro Area.
Historical Context
Tracking the HICP is crucial for the European Central Bank's monetary policy decisions aimed at maintaining price stability.
Key Facts
- The HICP is a key economic indicator used by the European Central Bank.
- Transport services account for a significant portion of consumer spending.
- The Euro Area HICP is calculated across 19 countries.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Other Purchased Transport Services measures the changes in the cost of transportation services purchased by consumers in the Euro Area, excluding private transportation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of inflation and consumer spending patterns, which are closely monitored by policymakers and economists to inform economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and prices across the Euro Area.
Q: How is this trend used in economic policy?
A: Tracking the HICP is crucial for the European Central Bank's monetary policy decisions aimed at maintaining price stability in the Euro Area.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Purchased Transport Services for Euro Area (19 Countries) (CP0736EZ19M086NEST), retrieved from FRED.