Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for European Union (28 Countries)
SERVRPEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.13
Year-over-Year Change
2.11%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for European Union (28 Countries) measures the monthly price changes of services related to leisure activities, personal care, and home repairs in the EU.
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
This index is a key economic indicator that tracks the cost of services for recreation, repair, and personal care in the European Union. It provides insights into consumer spending patterns and the overall cost of living for households.
Methodology
The data is collected through surveys of consumer prices and calculated using harmonized methodologies across EU member states.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and the purchasing power of consumers in the EU.
Key Facts
- The index uses 2015 as the base year.
- It covers a wide range of recreational, repair, and personal care services.
- The EU harmonized approach ensures consistent data across member states.
FAQs
Q: What does this economic trend measure?
A: This index measures the monthly changes in prices for a basket of services related to recreation, personal care, and home repairs in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The Harmonized Index of Consumer Prices for services is a key indicator of inflationary pressures and the cost of living for households in the EU.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated using harmonized methodologies across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures and the purchasing power of consumers, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a typical release lag of around 2-3 weeks. Data 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: Services Related to Recreation, Including Repairs and Personal Care for European Union (28 Countries) (SERVRPEU28M086NEST), retrieved from FRED.