Consumer Price Index: Harmonised prices: Transport (COICOP 07): Total for the European Union
Index Eurostat base
EU28CPHP0700IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.67
Year-over-Year Change
3.10%
Date Range
12/1/1999 - 1/1/2020
Summary
The Index Eurostat base measures the price level for consumer goods and services in European Union countries, excluding owner-occupied housing costs. It is a key indicator for monitoring inflation and the state of the European economy.
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 Index Eurostat base is a harmonized index of consumer prices (HICP) that provides a comparable measure of inflation across the European Union. It tracks price changes for a representative basket of consumer items to assess the overall cost of living for households.
Methodology
The data is collected through surveys of businesses and households, then aggregated and calculated by Eurostat.
Historical Context
Policymakers, central banks, and economists closely monitor the Index Eurostat base to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It covers over 600 consumer goods and services across the EU.
- The index is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures the overall price level for consumer goods and services in the European Union, excluding owner-occupied housing costs.
Q: Why is this trend relevant for users or analysts?
A: The Index Eurostat base is a key indicator for monitoring inflation and the state of the European economy, informing policymakers, central banks, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households, then aggregated and calculated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers, central banks, and economists closely monitor the Index Eurostat base to inform monetary and fiscal policy decisions in the European Union.
Q: Are there update delays or limitations?
A: The index is released monthly by Eurostat with no significant update delays.
Related Trends
Unemployed Population: Aged 15 and Over: Females for the European Union
LFUNTTFEEUQ647S
Harmonized Index of Consumer Prices: Telephone and Telefax Services for European Union (27 Countries from 2020)
CP0830EU272020M086NEST
Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for European Union (28 Countries)
00XALCEU28M086NEST
Import Price Index by Origin (NAICS): Miscellaneous Manufacturing for European Union
COEECZ339
Working Age Population: Aged 15-24: Males for the European Union
LFWA24MAEUQ647S
Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for European Union (28 Countries)
CP1111EU28M086NEST
Citation
U.S. Federal Reserve, Index Eurostat base (EU28CPHP0700IXEBM), retrieved from FRED.