Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for European Union (28 Countries)
CP0920EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.42
Year-over-Year Change
1.44%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for European Union (28 Countries) tracks the prices of non-essential recreational goods. This metric is closely monitored by economists as an indicator of consumer spending patterns and inflationary pressures within the Eurozone.
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 measures the prices of major durable goods used for recreational and cultural activities, such as audiovisual equipment, musical instruments, and major durables for outdoor recreation. It is a component of the broader Harmonized Index of Consumer Prices, the EU's primary inflation measure.
Methodology
The data is collected through consumer surveys and point-of-sale records across Eurozone member states.
Historical Context
Policymakers at the European Central Bank utilize this index to assess economic conditions and inform monetary policy decisions.
Key Facts
- The index has a base year of 2015.
- Prices are measured in euros.
- Data is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This index tracks the prices of major durable goods used for recreational and cultural activities in the European Union, such as audiovisual equipment, musical instruments, and outdoor recreation items.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer spending patterns and inflationary pressures within the Eurozone, providing valuable insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and point-of-sale records across Eurozone member states.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank utilize this index to assess economic conditions and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for European Union (28 Countries) (CP0920EU28M086NEST), retrieved from FRED.