Harmonized Index of Consumer Prices: Accommodation Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP1120E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.85
Year-over-Year Change
3.06%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Accommodation Services measures changes in the prices paid by consumers for hotel stays and similar accommodation within the European Economic Area (EEA). This trend is an important economic indicator for policymakers and businesses monitoring consumer spending and inflationary pressures.
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 Accommodation Services is a component of the broader Harmonized Index of Consumer Prices, which is the EU's primary measure of consumer inflation. This sub-index tracks price movements specifically for lodging services like hotels, motels, and short-term rentals across the EEA member states.
Methodology
The data is collected through consumer price surveys conducted by national statistics agencies.
Historical Context
Trends in accommodation prices are closely watched by central banks, tourism operators, and real estate investors to assess economic conditions and consumer demand.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- Accommodation services account for around 5% of the total HICP basket.
- The HICP is harmonized across EEA countries to allow for cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Accommodation Services measures changes in the prices paid by consumers for hotel stays and similar lodging within the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: Trends in accommodation prices are closely watched by central banks, tourism operators, and real estate investors to assess economic conditions and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by national statistics agencies.
Q: How is this trend used in economic policy?
A: The HICP for Accommodation Services is a component of the broader Harmonized Index of Consumer Prices, which is the EU's primary measure of consumer inflation used by policymakers.
Q: Are there update delays or limitations?
A: The HICP data is released on a monthly basis with a typical lag of 2-3 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP1120E3CCM086NEST), retrieved from FRED.