Consumer Price Index: Harmonised prices: Transport (COICOP 07): Total for the European Union
Index 2015=100
EU28CPHP0700IXOBM • 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 2015=100 is a key measure of consumer price inflation across the European Union. It tracks changes in the average price level of a basket of consumer goods and services, providing insights into the overall cost of living for households.
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 2015=100 is a harmonized index of consumer prices (HICP) published by Eurostat, the statistical office of the European Union. It serves as a benchmark for monitoring price stability, a core objective of the European Central Bank's monetary policy.
Methodology
The index is calculated based on a representative sample of consumer purchases, with prices collected from retail outlets and service providers across EU member states.
Historical Context
The Index 2015=100 is closely watched by policymakers, economists, and market participants to assess inflationary pressures and guide economic decision-making.
Key Facts
- The base year for the Index 2015=100 is 2015.
- The index covers a harmonized basket of consumer goods and services across the 28 EU member states.
- The Index 2015=100 is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures changes in the average price level of a basket of consumer goods and services across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The Index 2015=100 is a key indicator of inflationary pressures and the overall cost of living for households, making it crucial for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The index is calculated based on a representative sample of consumer purchases, with prices collected from retail outlets and service providers across EU member states.
Q: How is this trend used in economic policy?
A: The Index 2015=100 is closely monitored by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Index 2015=100 is released monthly by Eurostat, with a typical lag of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2015=100 (EU28CPHP0700IXOBM), retrieved from FRED.