Harmonized Index of Consumer Prices: Recreational and Cultural Services for Euro Area (19 Countries)
CP0940EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.64
Year-over-Year Change
3.68%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recreational and Cultural Services in the Eurozone (19 countries) measures changes in the prices paid by consumers for various leisure and entertainment goods and services.
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 across the Eurozone. The Recreational and Cultural Services component tracks price changes for items like sporting events, cultural activities, and hobbies, providing insight into consumer spending patterns and overall economic conditions.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers closely monitor HICP trends to inform monetary policy decisions and manage price stability.
Key Facts
- The HICP is a key economic indicator used across the Eurozone.
- Recreational and Cultural Services account for around 6% of the total HICP basket.
- Prices in this category have seen relatively modest inflation compared to other sectors.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recreational and Cultural Services tracks changes in the prices paid by consumers for leisure and entertainment goods and services in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The Recreational and Cultural Services HICP provides valuable insight into consumer spending patterns and overall economic conditions in the Eurozone, which is closely monitored by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor HICP trends, including Recreational and Cultural Services, to inform monetary policy decisions and manage price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a typical lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Cultural Services for Euro Area (19 Countries) (CP0940EZ19M086NEST), retrieved from FRED.