Harmonized Index of Consumer Prices: Recreational and Cultural Services for Bulgaria
CP0940BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.44
Year-over-Year Change
5.25%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Recreational and Cultural Services in Bulgaria measures changes in the prices paid by consumers for a basket of recreational and cultural goods and services in the country. This index 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 European Union member states. The Recreational and Cultural Services index tracks price changes for a range of leisure activities, entertainment, and cultural expenditures by Bulgarian households.
Methodology
The data is collected through a nationwide survey of consumer prices by the National Statistical Institute of Bulgaria.
Historical Context
Policymakers and economists use this index to assess inflationary pressures and consumer behavior in the Bulgarian economy.
Key Facts
- The index has a base year of 2015.
- Recreational and cultural services account for around 8% of the HICP basket in Bulgaria.
- Prices for these services have risen by an average of 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Recreational and Cultural Services in Bulgaria measures changes in the prices paid by consumers for a basket of leisure and entertainment goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer spending patterns in the Bulgarian economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to assess inflationary trends and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Cultural Services for Bulgaria (CP0940BGM086NEST), retrieved from FRED.