Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Spain
ESPCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-25.59%
Date Range
1/1/2003 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Spain measures the price changes of goods and services related to leisure activities, entertainment, and cultural experiences. This metric is important for economists and policymakers to understand consumer spending patterns and inflation dynamics.
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 CPI for Recreation and Culture in Spain is a sub-index of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on measuring price fluctuations in the recreation and culture category, providing insights into consumer demand and spending in this sector of the economy.
Methodology
The data is collected through surveys of retail establishments and service providers, and calculated using a weighted average of price changes.
Historical Context
Trends in the Recreation and Culture CPI are monitored by the Spanish government, central bank, and economic analysts to assess consumer behavior and the broader inflationary environment.
Key Facts
- The Recreation and Culture CPI accounts for around 9% of the overall Spanish CPI basket.
- Prices in this category have increased by an average of 2.5% annually over the past decade.
- Domestic tourism and cultural activities are major drivers of the Recreation and Culture CPI in Spain.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Spain measures the average change in prices for goods and services related to leisure activities, entertainment, and cultural experiences.
Q: Why is this trend relevant for users or analysts?
A: Trends in the Recreation and Culture CPI provide insights into consumer spending patterns and inflationary pressures in this important sector of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers, and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The Recreation and Culture CPI is monitored by the Spanish government, central bank, and economic analysts to assess consumer behavior and the broader inflationary environment.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI data is published monthly with a typical 1-2 month lag, reflecting the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Spain (ESPCP090000GYQ), retrieved from FRED.