Harmonized Index of Consumer Prices: Restaurants and Hotels for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1100E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.22
Year-over-Year Change
3.66%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants and Hotels for the European Economic Area (EEA) measures the change in prices for food consumed away from home, accommodation, and related services. This key economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 tracks the prices paid by consumers for restaurant meals, hotel stays, and other hospitality services across the EEA. It is a component of the broader Harmonized Index of Consumer Prices, which is the primary gauge of inflation used by the European Central Bank in setting monetary policy.
Methodology
The data is collected through surveys of consumers and businesses, and the index is calculated using a weighted average of price changes.
Historical Context
Policymakers and analysts monitor this index to assess the impact of economic conditions and policy decisions on the prices faced by European consumers.
Key Facts
- The index covers 30 countries in the European Economic Area.
- It has a base year of 2015 = 100.
- The index reached a record high of 108.88 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants and Hotels measures the change in prices for food consumed away from home, accommodation, and related services in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures, which are key considerations for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, and the index is calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the impact of economic conditions and policy decisions on the prices faced by European consumers, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1100E3CCM086NEST), retrieved from FRED.