Harmonized Index of Consumer Prices: Catering Services for Bulgaria
CP1110BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.27
Year-over-Year Change
11.11%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Catering Services in Bulgaria measures the changes in prices paid by consumers for food and beverage services. This metric 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 Catering Services in Bulgaria is a component of the broader HICP, which is the standard measure of consumer price inflation across the European Union. This subindex specifically tracks price changes for dining out, including restaurants, cafés, and other food service establishments.
Methodology
The data is collected through regular surveys of consumer prices by the National Statistical Institute of Bulgaria.
Historical Context
Policymakers and analysts use this HICP subindex to assess consumer demand, inflationary pressures, and the overall state of the Bulgarian economy.
Key Facts
- HICP is the standard measure of consumer price inflation in the EU.
- Catering Services account for around 10% of the total HICP basket in Bulgaria.
- Prices for Catering Services have risen by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Catering Services in Bulgaria measures the changes in prices paid by consumers for food and beverage services, such as restaurants, cafés, and other dining establishments.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex is a key indicator of consumer demand, inflationary pressures, and the overall state of the Bulgarian economy. It helps policymakers and analysts assess the health of the services sector and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the National Statistical Institute of Bulgaria.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this HICP subindex to gauge inflationary pressures and consumer spending trends, which inform monetary policy decisions and other economic interventions.
Q: Are there update delays or limitations?
A: The HICP data for Bulgaria is typically released with a 1-month lag and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Catering Services for Bulgaria (CP1110BGM086NEST), retrieved from FRED.