Consumer Price Index: Transport (COICOP 07): Total for France
FRACP070000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
2.31%
Date Range
1/1/1990 - 11/1/2023
Summary
The Consumer Price Index: Transport (COICOP 07): Total for France measures the change in prices for transportation-related goods and services in France. This key economic indicator is closely watched by policymakers and analysts to assess inflation and consumer spending patterns.
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 is a subindex of the overall Consumer Price Index that tracks changes in the prices of transportation-related items such as vehicle purchases, fuel, public transit fares, and other mobility costs. It provides insights into a major component of household budgets and the broader inflationary environment.
Methodology
The data is collected through surveys of retail establishments and service providers by the French national statistics agency.
Historical Context
Trends in the transportation CPI are used by the European Central Bank and other institutions to inform monetary policy decisions and economic forecasts.
Key Facts
- France's transportation CPI reached a record high in 2022.
- Transportation accounts for about 15% of the average French household's budget.
- Rising fuel prices have been a major driver of the transportation CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for France measures changes in the prices of transportation-related goods and services in France, including vehicle purchases, fuel, public transit, and other mobility costs.
Q: Why is this trend relevant for users or analysts?
A: The transportation CPI is a key indicator of inflationary pressures and consumer spending patterns, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers by the French national statistics agency.
Q: How is this trend used in economic policy?
A: Trends in the transportation CPI are used by the European Central Bank and other institutions to inform monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The transportation CPI data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for France (FRACP070000IXNBM), retrieved from FRED.