Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for European Union (28 Countries)
FUELS0EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.15
Year-over-Year Change
5.81%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices for Liquid Fuels and Fuels and Lubricants tracks changes in the prices of transportation fuels across the European Union. It is a key indicator of inflationary pressures and consumer purchasing power.
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
This index measures the price changes of a basket of household liquid fuels and transportation fuels in the EU. It is harmonized across member countries to enable cross-national comparisons and analysis of inflationary trends related to energy costs.
Methodology
The data is collected through consumer price surveys in each EU member state.
Historical Context
This metric informs policymakers and economists about the impact of fuel prices on household budgets and overall inflation.
Key Facts
- The index is harmonized across the 28 EU member states.
- Fuel prices are a major component of household expenditures.
- The index is a leading indicator of transportation and energy inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures the price changes of a basket of household liquid fuels and transportation fuels across the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer purchasing power related to energy costs.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys in each EU member state.
Q: How is this trend used in economic policy?
A: This index informs policymakers and economists about the impact of fuel prices on household budgets and overall inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for European Union (28 Countries) (FUELS0EU28M086NEST), retrieved from FRED.