Harmonized Index of Consumer Prices: Recording Media for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0914E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.83
Year-over-Year Change
1.38%
Date Range
1/1/1996 - 11/1/2023
Summary
The Harmonized Index of Consumer Prices (HICP) for Recording Media tracks changes in the prices of consumer goods and services related to recording media within the European Economic Area. This metric is a key indicator of inflation and consumer purchasing power 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 HICP for Recording Media is a subcomponent of the broader HICP, which measures the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the price changes for items like CDs, DVDs, and other recording media. Economists and policymakers use the HICP to monitor inflationary trends and inform monetary policy decisions.
Methodology
The HICP data is collected through surveys of consumer purchases across the EEA member states.
Historical Context
The HICP for Recording Media provides important context for analyzing consumer behavior and assessing the economic health of the European market.
Key Facts
- The HICP for Recording Media is a subcomponent of the broader Harmonized Index of Consumer Prices.
- This metric tracks price changes for consumer goods like CDs, DVDs, and other recording media.
- The HICP is a key indicator used by economists and policymakers to monitor inflation in the European Economic Area.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recording Media measures the average change in prices paid by consumers for recording media products in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and inflationary pressures within the European market, which informs economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer purchases across the EEA member states.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the HICP for Recording Media to monitor inflationary trends and consumer behavior, which helps inform monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be some time lags in the availability of the most recent HICP data, as it requires aggregating information from across the EEA member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0914E3CCM086NEST), retrieved from FRED.