Harmonized Index of Consumer Prices: Recreation and Culture for Croatia
CP0900HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.24
Year-over-Year Change
5.24%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Recreation and Culture for Croatia measures changes in the prices of recreational and cultural goods and services purchased by Croatian consumers. This metric is a key indicator of inflation and consumer spending trends.
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 (HICP) is a standardized measure of inflation across EU member states. The recreation and culture component tracks price changes for items like entertainment, sports equipment, and cultural activities, providing insights into consumer behavior and purchasing power.
Methodology
The Croatian Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the HICP.
Historical Context
Policymakers and economists monitor the HICP to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The HICP is a standardized metric used across the European Union.
- Recreation and culture account for around 9% of the Croatian consumer price index.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Recreation and Culture for Croatia tracks changes in the prices of recreational and cultural goods and services purchased by Croatian consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and inflationary pressures in Croatia, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Croatian Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the HICP.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor the HICP to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreation and Culture for Croatia (CP0900HRM086NEST), retrieved from FRED.