Consumer Price Index: Recreation and Culture (COICOP 09): Total for France
FRACP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
13.83%
Date Range
4/1/1990 - 7/1/2023
Summary
The Consumer Price Index for Recreation and Culture in France measures changes in the prices of goods and services related to recreational activities, cultural events, and hobbies. This metric is important for understanding consumer spending patterns and inflation trends in the French 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 Recreation and Culture CPI is a subcomponent of the overall Consumer Price Index for France, providing a more granular view of price movements in the leisure and entertainment sector. It tracks the costs of a wide range of recreational items, from sporting equipment to cinema tickets, giving economists and policymakers insight into consumer behavior and inflationary pressures.
Methodology
The data is collected through regular household surveys and point-of-sale monitoring by the French National Institute of Statistics and Economic Studies (INSEE).
Historical Context
The Recreation and Culture CPI is used by the European Central Bank and other institutions to assess economic conditions and guide monetary policy decisions.
Key Facts
- The base year for the French Recreation and Culture CPI is 2015.
- Recreational and cultural goods account for around 6% of the total French CPI basket.
- Prices in this sector have risen by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Recreation and Culture CPI measures changes in the prices of goods and services related to leisure activities, cultural events, and hobbies in France.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and inflationary pressures in the French economy, which is important for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular household surveys and point-of-sale monitoring by the French National Institute of Statistics and Economic Studies (INSEE).
Q: How is this trend used in economic policy?
A: The Recreation and Culture CPI is used by the European Central Bank and other institutions to assess economic conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI is published monthly by INSEE, with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for France (FRACP090000GPQ), retrieved from FRED.