Harmonized Index of Consumer Prices: Recording Media for European Union
CP0914EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.34
Year-over-Year Change
5.36%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recording Media tracks changes in the prices paid by consumers for goods and services related to recording media within the European Union. It is a key indicator used by policymakers to monitor inflation and inform monetary policy decisions.
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 HICP for Recording Media is a subcomponent of the broader HICP, which is the primary metric used to measure inflation across the European Union. It specifically focuses on the prices of products like DVDs, Blu-ray discs, CDs, and other physical media used for recording data, audio, and video.
Methodology
The data is collected through surveys of retail establishments and service providers across EU member states.
Historical Context
Central banks and financial institutions closely monitor HICP trends to assess the state of the economy and guide monetary policy.
Key Facts
- The HICP for Recording Media is a subcomponent of the broader Harmonized Index of Consumer Prices (HICP).
- It tracks price changes for goods and services related to physical recording media in the European Union.
- Central banks use HICP data to inform monetary policy decisions and manage inflation targets.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Recording Media measures changes in the prices paid by consumers for goods and services related to physical recording media, such as DVDs, Blu-ray discs, and CDs, within the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator used by policymakers and economists to monitor inflation and guide monetary policy decisions within the European Union.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across EU member states.
Q: How is this trend used in economic policy?
A: Central banks and financial institutions closely monitor HICP trends, including the Recording Media subcomponent, to assess the state of the economy and inform their monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, the statistical office of the European Union, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for European Union (CP0914EUCCM086NEST), retrieved from FRED.