Harmonized Index of Consumer Prices: Package Holidays for European Union
CP0960EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.45
Year-over-Year Change
2.75%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Package Holidays measures the monthly changes in the price of package holidays for consumers in the European Union. This important economic indicator provides insights into consumer spending patterns and inflation.
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 HICP for Package Holidays is a component of the broader HICP, which is the standard measure of consumer price inflation in the EU. This specific sub-index tracks the cost of packaged travel products, including flights, accommodations, and other bundled services.
Methodology
The data is collected through surveys of consumers and businesses, then aggregated and adjusted for seasonal variations.
Historical Context
Policymakers and economists use this indicator to assess the health of the tourism industry and consumer demand within the EU.
Key Facts
- The HICP for Package Holidays has a base year of 2015.
- It covers 27 EU member states as of 2023.
- Package holidays make up around 4% of the total HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Package Holidays measures the monthly changes in the price of package holidays for consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending patterns and inflation, particularly within the tourism industry, which is an important sector of the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, then aggregated and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the tourism industry and consumer demand within the EU.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for European Union (CP0960EUCCM086NEST), retrieved from FRED.