Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for European Union (28 Countries)
SRVRPOEU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.06
Year-over-Year Change
2.31%
Date Range
12/1/2000 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for European Union (28 Countries) tracks changes in the prices of a basket of consumer services related to leisure and personal care 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 economic indicator provides insight into price trends for a subset of consumer services in the European Union, excluding certain categories like package holidays and accommodation. Economists and policymakers analyze this data to better understand consumer price dynamics and inflation.
Methodology
The data is collected through consumer surveys and aggregated by Eurostat.
Historical Context
This service-focused inflation metric is used to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for this index is 2015.
- Prices are measured in euros.
- The EU-28 countries include the UK prior to Brexit.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of consumer services related to recreation, leisure, and personal care in the European Union, excluding package holidays and accommodation.
Q: Why is this trend relevant for users or analysts?
A: This service-focused inflation metric provides valuable insights into price dynamics in the EU economy, which is important for informing monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this indicator to monitor price stability and guide decisions on monetary and fiscal policies in the EU.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for European Union (28 Countries) (SRVRPOEU28M086NEST), retrieved from FRED.