Harmonized Index of Consumer Prices: Restaurants and Hotels for Bulgaria
CP1100BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.54
Year-over-Year Change
9.06%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants and Hotels for Bulgaria measures the average change in prices paid by Bulgarian consumers for dining, accommodations, and related services. This metric is a key indicator of inflation and consumer spending trends in the country'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 standardized measure of inflation used across the European Union. The Restaurants and Hotels sub-index tracks price changes for a basket of services including restaurant meals, hotel stays, and other hospitality expenses. This data helps analysts and policymakers understand inflationary pressures and consumer behavior in Bulgaria's service industry.
Methodology
The data is collected through surveys of prices at a representative sample of restaurants, hotels, and other service providers across Bulgaria.
Historical Context
The HICP Restaurants and Hotels index is monitored by the Bulgarian National Bank and the European Central Bank to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the HICP Restaurants and Hotels index is 2015 = 100.
- Restaurants and hotels account for around 12% of the total HICP basket in Bulgaria.
- Prices in this sector have risen by an average of 3.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants and Hotels for Bulgaria measures the average change in prices paid by Bulgarian consumers for dining, accommodations, and related services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer spending trends in Bulgaria's service sector, helping analysts and policymakers understand inflationary pressures and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices at a representative sample of restaurants, hotels, and other service providers across Bulgaria.
Q: How is this trend used in economic policy?
A: The HICP Restaurants and Hotels index is monitored by the Bulgarian National Bank and the European Central Bank to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Bulgaria (CP1100BGM086NEST), retrieved from FRED.