Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1254E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.15
Year-over-Year Change
7.41%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Economic Area (EEA18-2004, EEA28-2006, EEA30) measures the cost of insurance related to transportation in the EEA. This metric is important for policymakers and economists to understand consumer price dynamics and 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
This index tracks the prices paid by consumers for insurance services tied to transportation, such as vehicle, travel, and accident insurance. It provides insight into a key component of household spending and overall consumer price inflation in the European Economic Area.
Methodology
The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index is used by central banks, governments, and financial analysts to monitor price trends and inform economic policy decisions.
Key Facts
- The index uses 2015 as the base year.
- Covers 30 countries in the European Economic Area.
- Insurance costs make up around 4% of the average European household budget.
FAQs
Q: What does this economic trend measure?
A: This index measures the prices paid by consumers in the European Economic Area for insurance services related to transportation, such as vehicle, travel, and accident insurance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into a key component of household spending and overall consumer price inflation in Europe, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This index is used by central banks, governments, and financial analysts to monitor price trends and inform economic policy decisions in the European Economic Area.
Q: Are there update delays or limitations?
A: The index is updated monthly, but there may be some delays in data availability from Eurostat.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1254E3CCM086NEST), retrieved from FRED.