Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for European Union (27 Countries from 2020)
FUELS0EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.07
Year-over-Year Change
-6.00%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Liquid Fuels and Fuels and Lubricants measures changes in the prices paid by consumers in the European Union (27 countries) for energy-related products, providing insights into inflationary pressures.
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 HICP is a key economic indicator used to track and compare inflation rates across EU member states. The Liquid Fuels and Fuels and Lubricants index specifically focuses on the prices of transportation fuels, heating oil, and other energy sources, reflecting the impact of global energy market dynamics on consumer costs.
Methodology
The HICP data is collected by national statistical agencies and compiled by Eurostat using harmonized methodologies.
Historical Context
Policymakers and analysts use this index to assess the impact of energy price fluctuations on overall inflation and household budgets.
Key Facts
- The HICP is a monthly index published by Eurostat.
- Liquid Fuels and Fuels and Lubricants account for around 5% of the total EU HICP basket.
- Prices for this index can be volatile due to global energy market dynamics.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Liquid Fuels and Fuels and Lubricants measures changes in the prices paid by consumers in the European Union (27 countries) for transportation fuels, heating oil, and other energy-related products.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the impact of global energy market dynamics on household budgets and overall inflationary pressures in the EU, which is crucial information for policymakers and analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected by national statistical agencies and compiled by Eurostat using harmonized methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of energy price fluctuations on overall inflation and household budgets, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for European Union (27 Countries from 2020) (FUELS0EU272020M086NEST), retrieved from FRED.