Harmonized Index of Consumer Prices: Restaurants and Hotels for European Union
CP1100EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.19
Year-over-Year Change
3.65%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants and Hotels for the European Union measures the price changes in the restaurant and hotel services sector across EU member states. This key economic indicator provides insights into consumer spending and inflationary pressures in the hospitality industry.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used by the European Union to track price changes over time. The Restaurants and Hotels component specifically focuses on the consumer costs of dining out and accommodations, which are important barometers of both household budgets and overall economic conditions.
Methodology
The data is collected through surveys of consumer prices across EU member states using harmonized methodologies.
Historical Context
Policymakers and economists use this HICP component to assess inflationary trends and consumer behavior within the hospitality sector.
Key Facts
- The HICP Restaurants and Hotels index has a base year of 2015 = 100.
- Dining out and hotel stays account for around 11% of the total HICP basket in the EU.
- Tracking this sector can provide early signals of changes in consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants and Hotels for the European Union measures the price changes in the restaurant and hotel services sector across EU member states.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into consumer spending and inflationary pressures in the hospitality industry, which is an important barometer of overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across EU member states using harmonized methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP component to assess inflationary trends and consumer behavior within the hospitality sector.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one to two months.
Related Trends
Harmonized Index of Consumer Prices: Household Textiles for European Union
CP0520EUCCM086NEST
Sales: Retail trade: Car registration: Passenger cars for the European Union
EU28SLRTCR03GPSAM
Harmonized Index of Consumer Prices: Transport Services for Euro Area (19 Countries)
CP0730EZ19M086NEST
Producer Prices Index: Type of goods: Intermediate goods: Domestic for the European Union
EU28PITGIG02GPM
Harmonized Index of Consumer Prices: Repair of Audio-Visual, Photographic and Information Processing Equipment for Euro Area (19 Countries)
CP0915EZ19M086NEST
Harmonized Index of Consumer Prices: Clothing for European Union (28 Countries)
CP0310EU28M086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for European Union (CP1100EUCCM086NEST), retrieved from FRED.