Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Croatia
SERVRPHRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.80
Year-over-Year Change
8.95%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Services Related to Recreation, Including Repairs and Personal Care tracks changes in the prices of recreational and personal care services in Croatia. It is an important economic indicator used by policymakers and analysts to assess 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
This index is part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of inflation across the European Union. The HICP for Services Related to Recreation and Personal Care specifically monitors price changes for services like entertainment, sports, and personal grooming in Croatia.
Methodology
The data is collected through surveys of consumer expenditures and prices by Croatia's national statistical agency.
Historical Context
Trends in this index help inform monetary policy decisions by the European Central Bank and provide insight into Croatia's consumer economy.
Key Facts
- Croatia joined the Eurozone in 2023.
- Services make up over 60% of Croatia's GDP.
- Personal care and recreation account for 5-10% of Croatian household budgets.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of recreational and personal care services in Croatia, which is an important component of the overall cost of living.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this index helps policymakers and economists assess inflationary pressures and consumer spending patterns in Croatia's service-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Croatia's national statistical agency.
Q: How is this trend used in economic policy?
A: Trends in this index inform monetary policy decisions by the European Central Bank and provide insight into Croatia's consumer economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Croatia (SERVRPHRM086NEST), retrieved from FRED.