Consumer Price Index: Transport (COICOP 07): Total for France
FRACP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.76
Year-over-Year Change
-332.04%
Date Range
2/1/1990 - 11/1/2023
Summary
The Consumer Price Index: Transport (COICOP 07): Total for France measures price changes for transportation goods and services in France. This key economic indicator helps policymakers and analysts understand French consumer spending and inflation trends.
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 Consumer Price Index: Transport (COICOP 07): Total for France tracks the average change in prices paid by French consumers for a basket of transportation-related goods and services, including private transportation, public transport, and vehicle maintenance. This index is a crucial data point for assessing the overall cost of living and purchasing power in France.
Methodology
The data is collected through surveys of French consumers and businesses.
Historical Context
This transportation price index is used by the French government, central bank, and economic analysts to inform policy decisions and market analysis.
Key Facts
- The base year for this index is 2015.
- Transportation accounts for over 13% of the French CPI basket.
- Prices have risen 10.4% over the past 12 months (as of the latest data).
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for France measures the average change in prices paid by French consumers for transportation-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This transportation price index is a key indicator of consumer spending, purchasing power, and overall inflation in the French economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of French consumers and businesses by the national statistical agency.
Q: How is this trend used in economic policy?
A: The French government and central bank use this transportation price index to inform monetary and fiscal policy decisions, while analysts use it to assess the cost of living and consumer trends.
Q: Are there update delays or limitations?
A: This index is published monthly with a typical 1-2 month lag, and may be subject to revisions based on updated survey data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for France (FRACP070000GPM), retrieved from FRED.