Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
SRVRPOE3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.37
Year-over-Year Change
3.98%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for European Economic Area (EEA18-2004, EEA28-2006, EEA30) tracks changes in consumer prices for a basket of recreation and personal care services in EEA countries.
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 HICP trend provides a comprehensive measure of inflation for services related to recreation and personal care, excluding package holidays and accommodation, across the European Economic Area. It is a key indicator used by economists and policymakers to assess inflationary pressures and the overall cost of living in the region.
Methodology
The data is collected through consumer price surveys and harmonized across EEA countries.
Historical Context
This index is closely watched by the European Central Bank and other economic institutions to inform monetary policy decisions.
Key Facts
- The index is based on a harmonized basket of consumer services across EEA countries.
- Prices are weighted by each country's share of EEA household consumption.
- The index is updated monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This HICP trend measures changes in consumer prices for a basket of recreation and personal care services in the European Economic Area, excluding package holidays and accommodation.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the overall cost of living for consumers in the EEA, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and harmonized across EEA countries by Eurostat.
Q: How is this trend used in economic policy?
A: This HICP index is closely watched by the European Central Bank and other institutions to inform monetary policy decisions aimed at maintaining price stability in the region.
Q: Are there update delays or limitations?
A: The index is updated monthly by Eurostat with no significant delays, providing timely data on this important component of consumer prices.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (SRVRPOE3CCM086NEST), retrieved from FRED.