Harmonized Index of Consumer Prices: Cultural Services for Euro Area (19 Countries)
CP0942EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.43
Year-over-Year Change
3.23%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Cultural Services tracks changes in the prices paid by consumers for cultural activities and entertainment in the Euro Area. This metric is a key indicator of inflationary pressures and consumer spending patterns.
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 Cultural Services is a sub-component of the broader Harmonized Index of Consumer Prices, which measures the average change in prices paid by consumers for a basket of goods and services. The cultural services index specifically focuses on prices for cultural events, recreational activities, and other entertainment expenditures.
Methodology
The data is collected through surveys of consumer prices across the Euro Area member states.
Historical Context
Policymakers and economists use this index to assess the strength of consumer demand and inflationary trends in the cultural and entertainment sectors.
Key Facts
- The HICP for Cultural Services has a base year of 2015 = 100.
- Cultural services account for about 4% of the total HICP basket in the Euro Area.
- Prices for cultural services have increased by 12% since 2015 in the Euro Area.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Cultural Services tracks changes in the prices paid by consumers for cultural activities and entertainment in the Euro Area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending patterns in the cultural and entertainment sectors, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the Euro Area member states.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the strength of consumer demand and inflationary trends in the cultural and entertainment sectors.
Q: Are there update delays or limitations?
A: The HICP for Cultural Services data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Cultural Services for Euro Area (19 Countries) (CP0942EZ19M086NEST), retrieved from FRED.