Harmonized Index of Consumer Prices: Recording Media for European Union (28 Countries)
CP0914EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.43
Year-over-Year Change
-2.49%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Recording Media measures the price changes of recording media like CDs, DVDs, and other media products for consumers in the European Union. This metric provides insight into the purchasing power and spending trends related to consumer electronics and entertainment.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Recording Media index tracks price changes for a basket of consumer goods related to physical media storage and playback, offering a view into broader consumer electronics and entertainment spending patterns.
Methodology
The data is collected through surveys of consumer prices across EU member states.
Historical Context
Policymakers and analysts use this index to monitor consumer price inflation and spending behavior.
Key Facts
- The index covers a basket of consumer goods related to physical media storage and playback.
- The data is collected across the 28 member states of the European Union.
- Policymakers use this index to monitor consumer spending and inflationary trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Recording Media measures the price changes of recording media like CDs, DVDs, and other physical media products for consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power and spending trends related to consumer electronics and entertainment, which is useful for policymakers and analysts monitoring consumer price inflation and behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor consumer price inflation and spending behavior within the European Union.
Q: Are there update delays or limitations?
A: The data is published monthly with no major update delays, providing timely insight into this consumer price index.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for European Union (28 Countries) (CP0914EU28M086NEST), retrieved from FRED.