Harmonized Index of Consumer Prices: Recreational and Sporting Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0941E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.52
Year-over-Year Change
4.40%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Recreational and Sporting Services in the European Economic Area (EEA) measures price changes for a basket of leisure and entertainment services in EEA countries. It is a key indicator of consumer inflation in the EEA 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 Harmonized Index of Consumer Prices (HICP) for Recreational and Sporting Services tracks the monthly price changes of a representative basket of recreational, cultural, and sporting services purchased by households in the EEA. It is a crucial metric for assessing inflationary pressures and consumer purchasing power within the European market.
Methodology
The data is collected by national statistical agencies and harmonized by Eurostat to ensure cross-country comparability.
Historical Context
Policymakers and analysts use this HICP component to evaluate consumer demand, guide monetary policy, and assess the health of the EEA services sector.
Key Facts
- The EEA includes 30 countries as of 2023.
- Recreational and sporting services account for about 6% of the overall HICP basket.
- Prices are harmonized to ensure comparability across EEA member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Recreational and Sporting Services measures the monthly price changes of a basket of leisure, entertainment, and sporting services purchased by households in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is a crucial indicator of consumer inflation and purchasing power within the European services sector, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and harmonized by Eurostat to ensure cross-country comparability.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to evaluate consumer demand, guide monetary policy, and assess the health of the EEA services sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Sporting Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0941E3CCM086NEST), retrieved from FRED.