Harmonized Index of Consumer Prices: Restaurants and Hotels for Euro Area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023)
CP1100EZCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.44
Year-over-Year Change
3.43%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Restaurants and Hotels in the Euro Area measures price changes in the dining and hospitality sectors. It is a key indicator of consumer inflation and economic activity in the Eurozone.
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 Restaurants and Hotels is a subcomponent of the broader HICP, which is the primary measure of consumer price inflation used by the European Central Bank to assess monetary policy. This sector-specific index provides insight into pricing trends in the dining and accommodation industries.
Methodology
The HICP data is collected through surveys of consumer transactions and calculated using a harmonized methodology across Eurozone countries.
Historical Context
Economists and policymakers monitor this index to understand consumer spending patterns and the health of the Eurozone service sector.
Key Facts
- The HICP for Restaurants and Hotels has a weight of approximately 12% in the overall Eurozone HICP.
- This index has increased by an average of 2.5% annually over the past decade.
- Monitoring this sector is crucial for understanding consumer behavior and inflationary pressures in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Restaurants and Hotels measures price changes in the dining and hospitality sectors across the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in the service sector, which is a significant component of the Eurozone economy.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer transactions and calculated using a harmonized methodology across Eurozone countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers, including the European Central Bank, monitor this index to assess the health of the Eurozone service sector and its impact on overall consumer price inflation.
Q: Are there update delays or limitations?
A: The HICP for Restaurants and Hotels is published monthly with a typical delay of 2-3 weeks. The data is subject to revisions and may be influenced by seasonal factors.
Related Trends
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Business Tendency Surveys: Employment: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Future Tendency for Euro Area (19 Countries)
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EA19PITGIG01GYM
Activity Rate: Aged 25-54: Females for the Euro Area (19 Countries)
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Euro Area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023) (CP1100EZCCM086NEST), retrieved from FRED.