Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Bulgaria
SRVRPPBGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.71
Year-over-Year Change
7.79%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services Related to Package Holidays and Accommodation measures changes in the prices paid by consumers in Bulgaria for vacation-related 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 is a standardized measure of inflation across European Union countries, allowing for comparisons of price changes over time. This specific index tracks the costs associated with package holidays and accommodation, providing insights into a key component of consumer spending.
Methodology
The data is collected through surveys of consumers and businesses by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP index to assess inflationary pressures and consumer behavior in the tourism and hospitality sectors.
Key Facts
- The base year for this HICP index is 2015.
- Bulgaria joined the European Union in 2007.
- Tourism accounts for approximately 12% of Bulgaria's GDP.
FAQs
Q: What does this economic trend measure?
A: This HICP index measures changes in the prices paid by consumers in Bulgaria for services related to package holidays and accommodation.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer behavior in the important tourism and hospitality sectors of the Bulgarian economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to assess inflationary trends and consumer spending patterns in the tourism industry, which is a significant contributor to Bulgaria's economy.
Q: Are there update delays or limitations?
A: The HICP data is typically released with a lag of 1-2 months, and may be subject to revisions by Eurostat.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Bulgaria (SRVRPPBGM086NEST), retrieved from FRED.