Consumer Price Index: Recreation and Culture (COICOP 09): Total for Israel
ISRCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.30
Year-over-Year Change
1.29%
Date Range
1/1/1985 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of goods and services related to recreation, culture, and leisure activities in Israel. This metric is important for economists and policymakers to understand consumer spending patterns and inflation.
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 COICOP 09 index is a subcomponent of Israel's broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The recreation and culture category includes items like entertainment, sports equipment, books, and cultural events.
Methodology
The Israeli Central Bureau of Statistics collects price data from a sample of retail establishments to calculate the COICOP 09 index.
Historical Context
The COICOP 09 index is used by the Bank of Israel and other institutions to monitor inflationary pressures and consumer behavior.
Key Facts
- The COICOP 09 index has a base year of 2015.
- Recreation and culture make up around 10% of the Israeli consumer price basket.
- Prices in this category tend to be more volatile than the overall CPI.
FAQs
Q: What does this economic trend measure?
A: The COICOP 09 index measures changes in the prices of goods and services related to recreation, culture, and leisure activities in Israel.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer spending patterns and inflationary pressures in Israel's economy.
Q: How is this data collected or calculated?
A: The Israeli Central Bureau of Statistics collects price data from a sample of retail establishments to calculate the COICOP 09 index.
Q: How is this trend used in economic policy?
A: The COICOP 09 index is used by the Bank of Israel and other institutions to monitor inflationary pressures and consumer behavior.
Q: Are there update delays or limitations?
A: The COICOP 09 index is published monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Israel (ISRCP090000IXNBM), retrieved from FRED.