Harmonized Index of Consumer Prices: Other Recreational Items and Equipment, Gardens and Pets for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0930E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.62
Year-over-Year Change
1.00%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Recreational Items and Equipment, Gardens and Pets tracks changes in the price of recreational goods and services in the European Economic Area. This index is a key indicator of consumer inflation and purchasing power.
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 is a comprehensive measure of consumer price inflation used by the European Central Bank to assess price stability across the Eurozone. The Other Recreational Items and Equipment, Gardens and Pets sub-index focuses on a basket of consumer goods and services related to hobbies, sports, and pet ownership.
Methodology
The HICP data is collected through surveys of prices paid by consumers in participating countries.
Historical Context
Policymakers and analysts use this HICP sub-index to understand trends in consumer spending and the overall cost of living.
Key Facts
- The EEA includes 30 countries as of 2006.
- Recreational goods account for over 10% of household spending in many EEA countries.
- The HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Recreational Items and Equipment, Gardens and Pets tracks changes in the prices of consumer goods and services related to hobbies, sports, and pet ownership in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index is an important indicator of consumer inflation and purchasing power, providing insight into a significant component of household spending.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of prices paid by consumers in participating countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to understand trends in consumer spending and the overall cost of living, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Recreational Items and Equipment, Gardens and Pets for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0930E3CCM086NEST), retrieved from FRED.