Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain
ESPCPHP0700IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.84
Year-over-Year Change
-0.02%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain measures changes in the prices of transportation goods and services in Spain. This is a key economic indicator for understanding inflation and consumer purchasing power.
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 Transport component of the Consumer Price Index tracks price changes for a basket of transportation-related goods and services in Spain, such as vehicle purchases, fuel, public transit, and maintenance. This metric is essential for evaluating cost-of-living trends and the overall strength of the Spanish economy.
Methodology
The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Central banks and policymakers closely monitor transportation inflation as it has significant impacts on consumer spending, producer costs, and economic growth.
Key Facts
- Transport accounts for around 15% of the Spanish consumer basket.
- Prices rose 8.2% year-over-year as of the latest data release.
- Motor fuel is the largest component, making up over 40% of the transport index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain measures changes in the prices of transportation goods and services in Spain.
Q: Why is this trend relevant for users or analysts?
A: This metric is essential for evaluating cost-of-living trends and the overall strength of the Spanish economy, as transportation costs have significant impacts on consumer spending and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor transportation inflation as it has significant impacts on consumer spending, producer costs, and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Spain (ESPCPHP0700IXEBM), retrieved from FRED.