Consumer Price Index: Recreation and Culture (COICOP 09): Total for Germany
DEUCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.70
Year-over-Year Change
3.84%
Date Range
1/1/1991 - 11/1/2023
Summary
The Consumer Price Index for Recreation and Culture in Germany measures price changes for goods and services related to leisure activities, entertainment, and cultural pursuits. This key indicator provides insights into inflationary trends and consumer behavior within this important economic sector.
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 Recreation and Culture CPI for Germany tracks the prices of a basket of goods and services including recreation equipment, cultural activities, media, and related expenses. It is a crucial data point for evaluating the overall cost of living and consumer spending patterns in the country.
Methodology
The data is collected through surveys of consumers and retailers by the German Federal Statistical Office.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and consumer trends in the recreation and culture sector.
Key Facts
- The base year for the German Recreation and Culture CPI is 2015.
- This index accounts for approximately 6% of the total German CPI basket.
- Prices for recreational goods and services have risen faster than overall inflation in Germany in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture in Germany measures the change in prices for a basket of goods and services related to leisure activities, entertainment, and cultural pursuits.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer behavior within a key sector of the German economy, helping policymakers and analysts understand broader cost of living and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and retailers by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary trends and consumer spending in the recreation and culture sector, which can inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The German Recreation and Culture CPI is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Germany (DEUCP090000IXNBM), retrieved from FRED.