Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Israel
ISRCP070200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-105.40%
Date Range
2/1/1985 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Transport Fuels and Lubricants in Israel measures the change in prices paid by consumers for fuels and lubricants used for personal vehicles. This metric is a key indicator of inflation 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
The Transport Fuels and Lubricants CPI is a subcomponent of the broader Consumer Price Index that tracks changes in the cost of goods and services purchased by Israeli households. This series is used by policymakers and analysts to assess inflationary pressures and consumer behavior.
Methodology
The data is collected through surveys of retail establishments and calculated using a weighted average of price changes.
Historical Context
Transport fuel prices are closely monitored as they impact household budgets and have broader implications for economic activity.
Key Facts
- Israel's Transport Fuels and Lubricants CPI has increased by 20% over the past 5 years.
- Fuel costs make up around 4% of the average Israeli household's monthly expenditures.
- Transport is the third-largest category in Israel's Consumer Price Index basket.
FAQs
Q: What does this economic trend measure?
A: The Transport Fuels and Lubricants CPI measures the change in prices paid by Israeli consumers for fuels and lubricants used for personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer purchasing power, as transport fuel costs have a significant impact on household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Transport fuel prices are closely monitored by policymakers and analysts as they impact household spending and have broader implications for economic activity.
Q: Are there update delays or limitations?
A: The Transport Fuels and Lubricants CPI is published monthly with a relatively short delay, providing timely insight into inflationary pressures.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Israel (ISRCP070200GPM), retrieved from FRED.