Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for European Union (27 Countries from 2020)
CP0920EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.56
Year-over-Year Change
0.35%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Major Durables for Recreation and Culture in the European Union (27 countries from 2020) is an important economic indicator that tracks changes in the prices of consumer goods and services in this category.
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 standardized measure of inflation used across the European Union to assess price stability. The Other Major Durables for Recreation and Culture index specifically monitors prices of durable goods like sports equipment, musical instruments, and other recreation-related products.
Methodology
The data is collected through surveys of consumer spending and prices by national statistical agencies.
Historical Context
This HICP index is used by policymakers at the European Central Bank to inform monetary policy decisions.
Key Facts
- Covers 27 countries in the European Union as of 2020.
- Part of the broader Harmonized Index of Consumer Prices.
- Tracks prices of durable goods for recreation and culture.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of major durable goods used for recreation and cultural activities in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflation and consumer spending patterns in the recreation and culture sectors of the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer spending surveys conducted by national statistical agencies in EU member states.
Q: How is this trend used in economic policy?
A: The European Central Bank uses this HICP index as one indicator to inform its monetary policy decisions aimed at maintaining price stability across the eurozone.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the availability of the latest data for this index.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for European Union (27 Countries from 2020) (CP0920EU272020M086NEST), retrieved from FRED.