Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Spain
CP1111ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.62
Year-over-Year Change
4.07%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Restaurants, Cafes and the Like in Spain measures changes in the prices paid by Spanish consumers for dining out. This index is a key indicator of inflationary pressures in the restaurant and hospitality 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) is a standardized measure of consumer price inflation across European Union countries. The Restaurants, Cafes and the Like index specifically tracks price changes for dining out, which is an important component of household spending and a signal of overall consumer demand.
Methodology
The data is collected through surveys of actual prices paid by consumers at restaurants, cafes, and similar establishments across Spain.
Historical Context
Policymakers and economists use this HICP sub-index to assess the strength of the Spanish services sector and inflationary trends impacting household budgets.
Key Facts
- The index is calculated with a base year of 2015 = 100.
- Restaurants and dining out account for over 12% of Spanish consumer spending.
- The index reached an all-time high of 108.41 in July 2022.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Restaurants, Cafes and the Like in Spain measures changes in the prices paid by Spanish consumers for dining out.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures in the Spanish services sector and consumer demand for dining experiences.
Q: How is this data collected or calculated?
A: The data is collected through surveys of actual prices paid by consumers at restaurants, cafes, and similar establishments across Spain.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP sub-index to assess the strength of the Spanish services sector and inflationary trends impacting household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Spain (CP1111ESM086NEST), retrieved from FRED.