Consumer Price Index: Recreation and Culture (COICOP 09): Total for Argentina
ARGCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,760.05
Year-over-Year Change
176.91%
Date Range
12/1/2016 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) Total for Argentina measures changes in prices for recreational activities and cultural goods and services in the country. This metric is a key indicator of consumer spending and inflation trends.
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 CPI Recreation and Culture index tracks the prices of a basket of goods and services related to leisure, entertainment, and cultural participation in Argentina. It is a subcomponent of the broader Consumer Price Index, providing insights into a specific sector of the economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by Argentina's national statistical agency.
Historical Context
This index is closely monitored by policymakers and analysts to assess household consumption patterns and inflationary pressures.
Key Facts
- Argentina's CPI Recreation and Culture index has a base year of 2018.
- The index tracks over 50 different goods and services in the recreation and culture category.
- The index is released monthly by Argentina's national statistics agency.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) Total for Argentina measures changes in the prices of recreational activities, entertainment, and cultural goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in the recreation and culture sector of the Argentine economy, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer expenditures and prices by Argentina's national statistical agency.
Q: How is this trend used in economic policy?
A: The CPI Recreation and Culture index is closely monitored by the Argentine government and central bank to assess household consumption trends and inform policies related to inflation, consumer spending, and the broader economy.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis with a relatively short delay, providing timely data for analysis. However, the scope is limited to the recreation and culture sector and may not capture the full range of consumer price dynamics.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Argentina (ARGCP090000IXNBM), retrieved from FRED.