Consumer Price Index: Harmonised prices: Restaurants and hotels (COICOP 11): Total for the European Union
EU28CPHP1100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2020
Summary
The Consumer Price Index: Harmonised prices: Restaurants and hotels (COICOP 11): Total for the European Union measures the changes in prices for food service and accommodation services across the EU. This key economic indicator provides insight into consumer spending and inflation 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
This index tracks price changes for restaurant meals, hotel stays, and other food service and lodging expenses for consumers in the European Union. It is an important component of the overall Harmonized Index of Consumer Prices, which is used to assess monetary policy and cost-of-living changes across the EU.
Methodology
The data is collected through surveys of consumer expenditures and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This economic trend is closely monitored by policymakers, central banks, and market analysts to gauge consumer demand and inflationary pressures.
Key Facts
- The index uses 2015 as the base year.
- Restaurants and hotels account for about 11% of the EU consumer price basket.
- Price trends in this sector can significantly impact overall inflation measures.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in prices for restaurant meals, hotel stays, and other food service and lodging expenses for consumers in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into consumer spending patterns and inflationary pressures, which are closely monitored by policymakers, central banks, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This economic trend is used by policymakers and central banks to gauge consumer demand and inflationary pressures, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical lag of around 1 month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Restaurants and hotels (COICOP 11): Total for the European Union (EU28CPHP1100GPM), retrieved from FRED.