Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for European Union (27 Countries from 2020)
SRVRPPEU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.22
Year-over-Year Change
4.09%
Date Range
12/1/2000 - 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 for vacation-related services in the European Union. This trend is a key economic indicator for policymakers and analysts tracking consumer spending and inflation.
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 Services Related to Package Holidays and Accommodation index tracks price changes for services like hotel stays, vacation packages, and travel-related amenities across the 27 EU member states. It is an important barometer for the tourism and hospitality industries and can signal broader consumer confidence and economic conditions.
Methodology
The data is collected through surveys of consumers and businesses across the EU.
Historical Context
Economists and policymakers use this index to assess inflationary pressures and consumer spending patterns related to the travel and leisure sectors.
Key Facts
- The index uses 2015 as its base year.
- Vacation-related services account for around 3% of the total HICP basket.
- The index includes both package tours and individual travel services.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services Related to Package Holidays and Accommodation tracks changes in the prices paid by consumers for vacation-related services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for policymakers and analysts tracking consumer spending, inflation, and economic conditions in the tourism and hospitality sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses across the 27 EU member states.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess inflationary pressures and consumer spending patterns related to the travel and leisure industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a delay of approximately one month.
Related Trends
Import Price Index by Origin (NAICS): Chemical Manufacturing for European Union
COEECZ325
Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for European Union (27 Countries from 2020)
IGDSXEEU272020M086NEST
Active Population: Aged 15-64: All Persons for the European Union
LFAC64TTEUQ647S
Harmonized Index of Consumer Prices: Food Products N.e.c. for Euro Area (19 Countries)
CP0119EZ19M086NEST
Production: Energy: Production and distribution of electricity, gas, steam and air conditioning: Total for the European Union
EU28PREND401IXEBSAM
Production: Manufacturing: Investment goods: Total for the European Union
EU28PRMNVG01IXOBSAM
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for European Union (27 Countries from 2020) (SRVRPPEU272020M086NEST), retrieved from FRED.