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Inflation (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Inflation) accelerated remarkably across the EU (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:European_Union_(EU)) in 2022. Sports goods and services were no exception.In 2022, the annual rate of change for prices of recreational and sporting services (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43925260&IntKey=43925311&StrLayoutCode=HIERARCHIC&IntCurrentPage=1) in the EU was 4.7% measured by the harmonised indices of consumer prices (HICP) (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Harmonised_index_of_consumer_prices_(HICP)), which was the highest value in the last ten years. For the period 2012-2022, the annual average rate of change for these services was 2.2%, indicating a faster increase than that of the all-items HICP (+2.0%).
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Consumer price sports 2012-2022, Harmonised indices of consumer prices for selected sports goods and services in the EU (https://ec.europa.eu/eurostat/documents/4187653/16179827/Consumer+price+sports+2012-2022.png/b4e050c7-9d78-bac0-f9b8-a5558909bf86?t=1679669064664)
Source datasets: prc hicp aind (https://ec.europa.eu/eurostat/databrowser/view/PRC_HICP_AIND__custom_2342188/bookmark/table?lang=en&bookmarkId=514b2fd9-9f5f-4aa5-b814-1d96f13a26be) and prc hicp manr (https://ec.europa.eu/eurostat/databrowser/view/PRC_HICP_MANR__custom_3252809/bookmark/table?lang=en&bookmarkId=79b75091-a400-4b12-bf64-e0c196aedad9)
In 2022, the prices for equipment for sport, camping and open-air recreation (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43924444&IntKey=43924648&StrLayoutCode=HIERARCHIC&IntCurrentPage=1) grew much faster than in the previous years, with the annual rate of change standing at 3.8%, +2.5 percentage points higher than the year before.
Looking back at the last 10 years, prices of equipment for sport, camping and open-air recreation showed considerable fluctuations. Annual rates of change fell to negative values in 2014 (-0.6%), then went up again to +0.7% in 2016, to drop again and remain negative between 2017 and 2019. In 2020, they started to increase, reaching their highest value in 2022. Despite the fluctuations, this category recorded a slight increase in the annual rate of change over the years, up by 0.3% on average from 2012-2022.
Today, 6 April, marks the International Day of Sport for Development and Peace (https://www.un.org/en/observances/sport-day), an occasion to acknowledge the importance of sports and physical activity in people's well-being and communities.
For more information
- Statistics Explained article on consumer prices of sporting goods and services (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Consumer_prices_of_recreational_and_sporting_goods_and_services)
- Dedicated section on harmonised indices of consumer prices (https://ec.europa.eu/eurostat/web/hicp/overview)
- Database on harmonised indices of consumer prices
(https://ec.europa.eu/eurostat/web/hicp/data/database) - Visualisation tool on consumer price levels (https://ec.europa.eu/eurostat/cache/infographs/pricelevels/pricelevels_2021/index.html?lang=en)
Methodological notes:
- Average indices reflect changes in EU membership (when a Member State joins the EU, its HICPs (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Harmonised_index_of_consumer_prices_(HICP)) are chained (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Chain_index) with the aggregate (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Aggregate) index at the time of the accession).
- Recreational and sporting services: (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43925260&IntKey=43925311&StrLayoutCode=HIERARCHIC&IntCurrentPage=1) include attendance at sports events (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43925311&IntKey=43925362&StrLayoutCode=HIERARCHIC&IntCurrentPage=1), such as services provided by sports stadiums or circuits for a sport or recreational event, visits to fairgrounds and amusement parks, and participation at sports events (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43925311&IntKey=43925413&StrLayoutCode=HIERARCHIC&IntCurrentPage=1).
- Equipment for sport, camping and open-air recreation: (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43924444&IntKey=43924648&StrLayoutCode=HIERARCHIC&IntCurrentPage=1) include different types of equipment (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43924648&IntKey=43924699&StrLayoutCode=HIERARCHIC&IntCurrentPage=1), e.g. for sport, fishing, open-air games and other items related to camping (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43924648&IntKey=43924750&StrLayoutCode=HIERARCHIC&IntCurrentPage=1) (such as tents, sleeping bags, backpacks), and activities related to repairing equipment for sport, camping and open-air recreation (https://ec.europa.eu/eurostat/ramon/nomenclatures/index.cfm?TargetUrl=DSP_NOM_DTL_VIEW&StrNom=HICP_2019&StrLanguageCode=EN&IntPcKey=43924648&IntKey=43924801&StrLayoutCode=HIERARCHIC&IntCurrentPage=1).
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