Harmonized Index of Consumer Prices: Recording Media for Albania
CP0914MI15ALM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.43
Year-over-Year Change
0.59%
Date Range
12/1/2015 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recording Media in Albania measures the price changes of consumer goods and services related to the purchase of recording media like CDs, DVDs, and data storage devices.
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 is a key economic indicator used to assess inflation and price stability within the European Union. The Recording Media component provides insights into price trends for these consumer electronics and media products in Albania.
Methodology
The data is collected through surveys of consumer prices and calculated using a standardized EU methodology.
Historical Context
Policymakers and analysts monitor HICP components to understand consumer demand and inform economic and monetary policy decisions.
Key Facts
- The HICP is a widely used economic indicator in the European Union.
- Recording Media is one of over 80 HICP product categories tracked.
- HICP data is collected and harmonized across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recording Media in Albania measures changes in the prices paid by consumers for items related to the purchase of recording media like CDs, DVDs, and data storage devices.
Q: Why is this trend relevant for users or analysts?
A: The Recording Media HICP provides important insights into consumer price inflation and purchasing behavior for these types of consumer electronics products in Albania, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a standardized methodology established by the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor HICP components like Recording Media to understand consumer demand and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data has a typical release lag of 1-2 months and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for Albania (CP0914MI15ALM086NEST), retrieved from FRED.