Harmonized Index of Consumer Prices: Restaurants and Hotels for Croatia
CP1100HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.79
Year-over-Year Change
8.84%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Restaurants and Hotels in Croatia measures the changes in prices paid by consumers for dining and lodging services. This metric is important for economists and policymakers to assess inflationary pressures in the 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) for Restaurants and Hotels in Croatia tracks the price changes of food service and accommodation services. This index is a key component of the overall HICP, which is used to monitor price stability and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer transactions and service provider pricing.
Historical Context
This index provides insight into consumer spending patterns and service sector inflation, which are closely watched by the European Central Bank and Croatian National Bank.
Key Facts
- Croatia joined the Eurozone in 2023.
- The HICP is harmonized across EU member states.
- Restaurants and hotels account for over 10% of the Croatian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Restaurants and Hotels in Croatia measures the changes in prices paid by consumers for dining and lodging services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess inflationary pressures in the Croatian service sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and service provider pricing.
Q: How is this trend used in economic policy?
A: This index provides insight into consumer spending patterns and service sector inflation, which are closely watched by the European Central Bank and Croatian National Bank.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short lag, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Croatia (CP1100HRM086NEST), retrieved from FRED.