Consumer Price Index: Recreation and Culture (COICOP 09): Total for Spain
ESPCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.91
Year-over-Year Change
2.50%
Date Range
1/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of goods and services related to recreation, entertainment, and cultural activities in Spain. This metric is a key indicator of household spending and inflation in the leisure sector.
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 COICOP 09 index tracks price fluctuations for a basket of recreational, cultural, and entertainment-related goods and services consumed by Spanish households. It is used by economists and policymakers to assess inflationary pressures and consumer demand in the leisure industry.
Methodology
The index is calculated by Spain's National Statistics Institute based on a survey of prices paid by consumers.
Historical Context
Trends in the COICOP 09 index provide insight into consumer behavior and have implications for fiscal and monetary policy.
Key Facts
- The COICOP 09 index has a base year of 2015.
- Recreation and culture account for about 9% of the Spanish consumer price basket.
- Prices in the COICOP 09 category tend to be more volatile than the overall CPI.
FAQs
Q: What does this economic trend measure?
A: The COICOP 09 index measures changes in the prices of recreation, entertainment, and cultural goods and services consumed by Spanish households.
Q: Why is this trend relevant for users or analysts?
A: Trends in the COICOP 09 index provide insights into consumer demand and inflationary pressures in the leisure sector, which is important for economic policymaking.
Q: How is this data collected or calculated?
A: The index is calculated by Spain's National Statistics Institute based on a survey of prices paid by consumers.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use the COICOP 09 index to assess consumer behavior and inflationary risks in the recreation and culture sector.
Q: Are there update delays or limitations?
A: The COICOP 09 index is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Spain (ESPCP090000IXNBM), retrieved from FRED.