Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Euro Area (19 Countries)
CP1111EZ19M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.47
Year-over-Year Change
3.85%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Restaurants, Cafes and the Like in the Euro Area (19 countries) is a key economic indicator that measures changes in the prices paid by consumers for dining out services.
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 Restaurants, Cafes and the Like index is a subcomponent of the broader HICP, which is used by the European Central Bank to monitor and assess overall inflation trends across the Eurozone. This data provides insights into price dynamics in the hospitality sector, an important part of consumer spending.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and harmonized by Eurostat.
Historical Context
Policymakers and analysts closely monitor this index to understand consumer behavior and the state of the Eurozone economy.
Key Facts
- The index is published monthly by Eurostat.
- It covers consumer expenditures on food and drink services in the Eurozone.
- The index is used as an input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Restaurants, Cafes and the Like in the Euro Area (19 countries) measures changes in the prices paid by consumers for dining out services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into price dynamics in the hospitality sector, an important component of consumer spending, and is closely monitored by policymakers and analysts to understand consumer behavior and the state of the Eurozone economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by national statistical agencies and harmonized by Eurostat.
Q: How is this trend used in economic policy?
A: This index is used as an input for the European Central Bank's monetary policy decisions, as it helps assess overall inflation trends across the Eurozone.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Euro Area (19 Countries) (CP1111EZ19M086NEST), retrieved from FRED.