Harmonized Index of Consumer Prices: Accommodation Services for Bulgaria
CP1120BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.17
Year-over-Year Change
6.20%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Accommodation Services in Bulgaria measures changes in the prices paid by Bulgarian consumers for hotel stays and other accommodation. This metric is a key indicator of inflation and consumer spending trends in the country's tourism 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 HICP Accommodation Services index tracks the prices of a representative basket of hotel rooms, vacation rentals, and other lodging options in Bulgaria. It is a subcomponent of the broader HICP, which is the primary inflation gauge used by the European Union and its member states.
Methodology
The data is collected through surveys of accommodation providers and compiled by the Bulgarian National Statistical Institute.
Historical Context
Policymakers and analysts use the HICP Accommodation Services index to assess price pressures and consumer behavior in Bulgaria's tourism industry.
Key Facts
- Bulgaria's HICP Accommodation Services index has a base year of 2015.
- The index covers hotel stays, vacation rentals, and other paid lodging options.
- Accommodation services make up around 3% of Bulgaria's overall consumer price index.
FAQs
Q: What does this economic trend measure?
A: The HICP Accommodation Services index measures changes in the prices paid by Bulgarian consumers for hotel stays, vacation rentals, and other paid lodging options.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer spending trends in Bulgaria's tourism sector, which is an important part of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of accommodation providers and compiled by the Bulgarian National Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP Accommodation Services index to assess price pressures and consumer behavior in Bulgaria's tourism industry, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP Accommodation Services index is published monthly with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for Bulgaria (CP1120BGM086NEST), retrieved from FRED.