Harmonized Index of Consumer Prices: Recreational and Sporting Services for Bulgaria
CP0941BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.60
Year-over-Year Change
10.08%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Recreational and Sporting Services in Bulgaria measures changes in the prices paid by consumers for leisure and recreational activities in the country.
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
This index is a crucial indicator of inflationary pressures in the Bulgarian consumer market, particularly in the services sector. It provides valuable insights into the affordability and accessibility of leisure and recreational options for households.
Methodology
The data is collected through regular surveys of consumer prices by the Bulgarian National Statistical Institute.
Historical Context
This index is closely monitored by policymakers and economists to gauge overall economic conditions and inform policy decisions.
Key Facts
- The index is part of the Harmonized Index of Consumer Prices (HICP) framework used across the European Union.
- Recreational and sporting services account for approximately 3% of the total consumer basket in Bulgaria.
- The index is published monthly by the Bulgarian National Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices paid by consumers in Bulgaria for recreational and sporting services, such as fees for leisure activities, cultural events, and sports facilities.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures in the Bulgarian services sector, particularly for leisure and recreational activities. It helps analysts and policymakers understand the affordability and accessibility of these services for households.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by the Bulgarian National Statistical Institute.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Bulgarian government and the European Central Bank to assess overall economic conditions and inform policy decisions related to the services sector and consumer spending.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of around one month. There are no known major limitations to the data collection or reporting.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Sporting Services for Bulgaria (CP0941BGM086NEST), retrieved from FRED.