Harmonized Index of Consumer Prices: Recreational and Cultural Services for Portugal
CP0940PTM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.16
Year-over-Year Change
5.89%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recreational and Cultural Services in Portugal measures changes in the prices of a basket of goods and services related to recreation and culture. This metric is a key indicator of inflation and consumer spending trends in the Portuguese economy.
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 Recreational and Cultural Services index tracks the prices of a wide range of goods and services, including cultural events, sports equipment, and other leisure activities. This data is used by policymakers, economists, and analysts to assess consumer demand and inflationary pressures within the Portuguese services sector.
Methodology
The data is collected through surveys of consumer prices by Eurostat, the statistical office of the European Union.
Historical Context
The HICP Recreational and Cultural Services index helps inform monetary and fiscal policies in Portugal and the broader Eurozone.
Key Facts
- The index is benchmarked to the year 2015 = 100.
- Recreational and cultural services account for approximately 10% of the total HICP basket in Portugal.
- Portugal's HICP Recreational and Cultural Services has increased by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recreational and Cultural Services in Portugal measures changes in the prices of a basket of goods and services related to recreation and culture.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer spending trends in the Portuguese services sector, which is important for policymakers, economists, and analysts assessing the overall health of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Recreational and Cultural Services index helps inform monetary and fiscal policies in Portugal and the broader Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Cultural Services for Portugal (CP0940PTM086NEST), retrieved from FRED.