Harmonized Index of Consumer Prices: Other Recreational Items and Equipment, Gardens and Pets for European Union
CP0930EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.85
Year-over-Year Change
1.07%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Recreational Items and Equipment, Gardens and Pets measures changes in the prices of a basket of consumer goods and services in the European Union. This metric is a key indicator of inflation and cost of living trends across the EU.
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 Other Recreational Items and Equipment, Gardens and Pets is a subcomponent of the broader HICP, which tracks the monthly changes in the prices paid by consumers for a representative basket of goods and services. This specific subindex focuses on the prices of items like toys, sports equipment, gardening supplies, and pet-related products.
Methodology
The HICP data is collected through surveys of consumer expenditures and retail prices across EU member states.
Historical Context
Policymakers, economists, and market analysts closely monitor HICP trends to assess inflationary pressures and make informed decisions.
Key Facts
- The HICP for Other Recreational Items and Equipment, Gardens and Pets uses 2015 as its base year.
- This subindex comprises around 6% of the overall HICP basket for the European Union.
- HICP data is harmonized across EU member states to ensure comparability.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Recreational Items and Equipment, Gardens and Pets measures changes in the prices of a basket of consumer goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex is a key indicator of inflation and cost of living trends, which are closely monitored by policymakers, economists, and market analysts to make informed decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and retail prices across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use HICP data to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly, with some potential delays in reporting from individual EU member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Recreational Items and Equipment, Gardens and Pets for European Union (CP0930EUCCM086NEST), retrieved from FRED.