Harmonized Index of Consumer Prices: Recreational and Sporting Services for Luxembourg
CP0941LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.55
Year-over-Year Change
1.13%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recreational and Sporting Services measures inflation in the prices of leisure activities and sports-related services in Luxembourg. This index is a key indicator for policymakers monitoring consumer price 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 HICP is a standardized measure of consumer price inflation across European Union countries. The Recreational and Sporting Services component tracks price changes for services like sporting event tickets, gym memberships, and recreation-related purchases.
Methodology
The data is collected through a survey of consumer expenditures and prices.
Historical Context
Policymakers and analysts use this index to understand inflationary pressures and make informed decisions.
Key Facts
- Tracks inflation in leisure, sports, and entertainment services.
- Standardized across EU countries for cross-border comparisons.
- Used by policymakers to monitor price trends in the recreation sector.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Recreational and Sporting Services measures inflation in the prices of leisure activities and sports-related services in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for policymakers and analysts monitoring consumer price trends and inflationary pressures in the recreation and leisure sectors.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand inflationary pressures and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The HICP data has a short publication lag and is considered a reliable and comprehensive measure of consumer price inflation.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Sporting Services for Luxembourg (CP0941LUM086NEST), retrieved from FRED.