Harmonized Index of Consumer Prices: Recreation and Culture for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0900E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.36
Year-over-Year Change
1.37%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Recreation and Culture for the European Economic Area (EEA18-2004, EEA28-2006, EEA30) tracks price changes for recreational and cultural goods and services across the EEA. This metric is a key indicator of economic conditions and consumer spending patterns in the region.
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 Harmonized Index of Consumer Prices: Recreation and Culture is a subcomponent of the broader Harmonized Index of Consumer Prices (HICP) that measures price changes for leisure and cultural products. It is an important economic indicator used by policymakers and analysts to assess consumer activity and inflation trends in the European Economic Area.
Methodology
The data is calculated by Eurostat based on a harmonized methodology across EEA member states.
Historical Context
This index is used by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index covers a basket of over 100 recreation and culture goods and services.
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- This index is tracked monthly and published with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Recreation and Culture tracks monthly changes in the prices of recreational and cultural goods and services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending patterns and inflationary pressures in the EEA's leisure and entertainment sectors, which are important drivers of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on a harmonized methodology across EEA member states.
Q: How is this trend used in economic policy?
A: The European Central Bank and other policymakers use this index as an input when making monetary and fiscal policy decisions to support economic stability and growth in the region.
Q: Are there update delays or limitations?
A: This index is published with a 1-2 month lag and may not fully capture short-term fluctuations in consumer prices.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreation and Culture for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0900E3CCM086NEST), retrieved from FRED.