Harmonized Index of Consumer Prices: Catering Services for Croatia
CP1110HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.44
Year-over-Year Change
8.43%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Catering Services measures the price changes of meals and refreshments consumed away from home in Croatia. It 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 is a standardized measure of consumer price inflation across European Union countries. The Catering Services component specifically tracks the prices paid by Croatian consumers for restaurant meals, cafes, bars, and other dining establishments.
Methodology
The HICP is calculated based on a representative basket of goods and services purchased by households, with prices collected from a sample of retailers.
Historical Context
Policymakers and economists use the HICP to monitor price stability and guide monetary policy decisions.
Key Facts
- Croatia joined the Eurozone in 2023.
- The HICP is published monthly by Eurostat.
- Catering Services account for about 7% of the total HICP basket in Croatia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Catering Services measures the price changes of meals and refreshments consumed away from home in Croatia.
Q: Why is this trend relevant for users or analysts?
A: The HICP Catering Services trend is a key indicator of inflation and consumer spending patterns in Croatia, which is useful for policymakers and economists monitoring price stability and guiding monetary policy.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative basket of goods and services purchased by households, with prices collected from a sample of retailers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the HICP to monitor price stability and guide monetary policy decisions in Croatia and across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP is published monthly by Eurostat with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Catering Services for Croatia (CP1110HRM086NEST), retrieved from FRED.