Real change in transport prices by mode
Indicator Assessment
Prod-ID:
IND-173-en
Also known as:
TERM 020
Created 25 Aug 2016
Published 01 Dec 2016
Last modified 01 Dec 2016
Topics:
Transport
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In comparison to average consumer prices, the cost of purchasing motor cars has decreased significantly since 1996, taking 2015 as the reference point.
In contrast, the cost of passenger services and the operation of personal transport equipment has generally increased.
The vitality of the transport market can be seen in 2009, for example, when overall transport prices fell at a faster rate than average consumer prices, primarily due to a significant drop in the average crude oil price between 2008 and 2009, and subsequent reductions in fuel prices.
Rail transport prices are less closely tied to the costs of fuel as most services operate under ‘public service obligations’ and an increasing proportion of passenger rail is electric-powered.
Overall transport prices appear to peak in 2012, largely driven by a peak in the price for the operation of personal transport equipment.
Key messages
- In comparison to average consumer prices, the cost of purchasing motor cars has decreased significantly since 1996, taking 2015 as the reference point.
- In contrast, the cost of passenger services and the operation of personal transport equipment has generally increased.
- The vitality of the transport market can be seen in 2009, for example, when overall transport prices fell at a faster rate than average consumer prices, primarily due to a significant drop in the average crude oil price between 2008 and 2009, and subsequent reductions in fuel prices.
- Rail transport prices are less closely tied to the costs of fuel as most services operate under ‘public service obligations’ and an increasing proportion of passenger rail is electric-powered.
- Overall transport prices appear to peak in 2012, largely driven by a peak in the price for the operation of personal transport equipment.