Harmonized Index of Consumer Prices: Maintenance and Repair of Other Major Durables for Recreation and Culture for Euro Area (19 Countries)
CP0923EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.59
Year-over-Year Change
1.90%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Other Major Durables for Recreation and Culture measures changes in prices paid by consumers for maintaining and repairing major recreational and cultural goods in the Eurozone.
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 evaluate inflation and consumer price trends across Europe. This specific index tracks the prices of goods and services related to the maintenance and repair of items like sports equipment, musical instruments, and other durable recreational items.
Methodology
The data is collected through consumer surveys and retail price observations across Eurozone countries.
Historical Context
The HICP is closely monitored by the European Central Bank and policymakers to assess the need for monetary policy interventions.
Key Facts
- The HICP is a standardized index used across the Eurozone.
- Maintenance and repair costs make up a significant portion of consumer spending.
- Recreational goods and services are an important part of the consumer basket.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in consumer prices for maintaining and repairing major recreational and cultural goods in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The HICP for maintenance and repair of recreational goods is a key indicator of inflation and consumer spending patterns in Europe.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations across Eurozone countries.
Q: How is this trend used in economic policy?
A: The HICP is closely monitored by the European Central Bank and policymakers to assess the need for monetary policy interventions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-4 week delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Other Major Durables for Recreation and Culture for Euro Area (19 Countries) (CP0923EZ19M086NEST), retrieved from FRED.