Harmonized Index of Consumer Prices: Package Holidays for Euro Area (19 Countries)
CP0960EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.29
Year-over-Year Change
1.40%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Package Holidays measures changes in the prices paid by consumers for vacation packages in the Eurozone. This key economic indicator provides insight into inflationary pressures and consumer spending patterns.
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 tracks the average change in prices for a basket of consumer goods and services across Eurozone countries. The package holidays index specifically monitors price fluctuations in the travel and tourism sector, an important part of consumer expenditure.
Methodology
The data is collected through surveys of travel agencies, tour operators, and other providers to calculate the average cost of package holidays.
Historical Context
Policymakers and analysts use this index to assess the state of the Eurozone economy and consumer behavior.
Key Facts
- The HICP for Package Holidays is a component of the broader Eurozone HICP.
- Package holidays account for a significant share of consumer spending in the Eurozone.
- This index provides insight into inflationary pressures in the travel and tourism sector.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Package Holidays measures changes in the prices paid by consumers for vacation packages in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer spending patterns in the important travel and tourism sector of the Eurozone economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of travel agencies, tour operators, and other providers to calculate the average cost of package holidays.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Eurozone economy and consumer behavior.
Q: Are there update delays or limitations?
A: The HICP for Package Holidays is updated monthly, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for Euro Area (19 Countries) (CP0960EZ19M086NEST), retrieved from FRED.