Harmonized Index of Consumer Prices: Package Holidays for Croatia
CP0960HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.93
Year-over-Year Change
4.59%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Package Holidays in Croatia measures the price changes of package holiday services for consumers in Croatia. This index is a key indicator of inflation and consumer spending trends.
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 in Croatia is part of the broader Harmonized Index of Consumer Prices, which tracks the changes in the prices of a representative basket of consumer goods and services across the European Union. The Package Holidays component specifically focuses on the costs of pre-arranged travel packages, including accommodations and transportation.
Methodology
The data is collected through surveys of Croatian businesses providing package holiday services.
Historical Context
Policymakers and economists monitor this index to assess inflationary pressures and consumer demand in the Croatian travel and tourism sector.
Key Facts
- The HICP for Package Holidays in Croatia has a base year of 2015.
- Croatia joined the European Union in 2013, aligning its consumer price index with the HICP framework.
- Package holidays make up approximately 2% of the total Croatian consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Package Holidays in Croatia measures the changes in prices paid by Croatian consumers for pre-arranged travel packages, including accommodations and transportation.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflation and consumer spending patterns in Croatia's travel and tourism sector, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Croatian businesses providing package holiday services.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess inflationary pressures and consumer demand in the Croatian travel and tourism sector, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Package Holidays in Croatia is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for Croatia (CP0960HRM086NEST), retrieved from FRED.