Harmonized Index of Consumer Prices: Accommodation Services for Croatia
CP1120HRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.09
Year-over-Year Change
11.90%
Date Range
1/1/1998 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Accommodation Services for Croatia measures the price changes of accommodation services in Croatia. This key economic indicator helps analysts and policymakers track inflationary pressures in the Croatian tourism 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 consumer price index that measures the changes over time in the prices of consumer goods and services acquired by households. The Accommodation Services component specifically tracks price changes for hotel stays, vacation rentals, and other lodging in Croatia.
Methodology
The data is collected by Croatia's national statistical office through surveys of accommodation providers.
Historical Context
Policymakers use this HICP component to monitor inflation and make adjustments to monetary and fiscal policies.
Key Facts
- Croatia joined the European Union in 2013.
- Tourism accounts for over 20% of Croatia's GDP.
- The HICP is harmonized across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Accommodation Services for Croatia measures price changes for hotel stays, vacation rentals, and other lodging in Croatia.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is a key indicator of inflationary pressures in Croatia's tourism sector, which is a major part of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected by Croatia's national statistical office through surveys of accommodation providers.
Q: How is this trend used in economic policy?
A: Policymakers use this HICP component to monitor inflation and make adjustments to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short delay, providing timely insights into price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for Croatia (CP1120HRM086NEST), retrieved from FRED.