Harmonized Index of Consumer Prices: Catering Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1110E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.61
Year-over-Year Change
4.00%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Catering Services tracks changes in the prices paid by consumers for dining out and related services across the European Economic Area (EEA). This metric is a key indicator of consumer spending and inflationary pressures in the services 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 HICP for Catering Services is a sub-index of the broader HICP, which is the standard measure of consumer inflation used by the European Central Bank and other policymakers. This indicator provides insight into pricing trends for restaurants, cafes, and other eating and drinking establishments in the EEA.
Methodology
The data is collected through consumer price surveys conducted by national statistical agencies and harmonized by Eurostat.
Historical Context
Monitoring the HICP for Catering Services helps economists and policymakers assess the strength of domestic demand and service-sector inflation.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Catering services account for around 6% of the overall HICP basket in the EEA.
- HICP data is released monthly, with a lag of approximately 2 weeks.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Catering Services tracks changes in the prices paid by consumers for dining out and related services across the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: Monitoring the HICP for Catering Services helps economists and policymakers assess the strength of domestic demand and service-sector inflation in the EEA.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistical agencies and harmonized by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Catering Services is a key indicator used by the European Central Bank and other policymakers to monitor consumer inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: HICP data is released monthly, with a lag of approximately 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Catering Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1110E3CCM086NEST), retrieved from FRED.