Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Croatia
CP1111HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187.80
Year-over-Year Change
8.59%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Croatia measures price changes for dining and hospitality services in the country. This metric provides insight into inflationary pressures and consumer spending patterns in Croatia's service sector.
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 key economic indicator used by the European Union to track consumer inflation across member states. The Restaurants, Cafes and the Like component focuses specifically on price changes for food services, offering a granular view of this important consumer expenditure category.
Methodology
The data is collected through surveys of businesses and consumers by Croatia's national statistical agency.
Historical Context
Policymakers and economists analyze this HICP component to understand broader trends in Croatia's service economy and consumer behavior.
Key Facts
- Croatia joined the Eurozone in 2023.
- Food services account for over 10% of Croatian consumer spending.
- Restaurants and cafes are a major part of Croatia's vital tourism industry.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Croatia measures changes in prices for dining, hospitality, and food service establishments in the country.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into inflationary pressures and consumer spending patterns in Croatia's service sector, which is a key driver of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by Croatia's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this HICP component to understand broader trends in Croatia's service economy and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index only captures a subset of Croatia's overall consumer price changes.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Croatia (CP1111HRM086NEST), retrieved from FRED.