Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Argentina
ARGCP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.65
Year-over-Year Change
29.88%
Date Range
1/1/2018 - 1/1/2025
Summary
This economic trend measures the Consumer Price Index (CPI) for Restaurants and Hotels in Argentina, a key component of the broader Consumer Price Indices (CPIs) and Harmonized Indices of Consumer Prices (HICPs).
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 Restaurants and Hotels CPI for Argentina tracks changes in the prices paid by consumers for dining out, accommodation, and related services. This data is a crucial indicator of inflationary pressures and household spending in the hospitality sector.
Methodology
The Argentine statistics agency collects price data from a representative sample of businesses to calculate the Restaurants and Hotels CPI.
Historical Context
Policymakers and economists closely monitor this and other CPIs to assess the overall state of the Argentine economy and guide monetary and fiscal policy decisions.
Key Facts
- The Restaurants and Hotels CPI is a component of the broader Argentine CPI basket.
- This index can signal changes in consumer demand and business costs in the hospitality sector.
- Tracking the Restaurants and Hotels CPI helps policymakers understand overall inflationary trends.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI for Argentina tracks changes in the prices paid by consumers for dining out, accommodation, and related services.
Q: Why is this trend relevant for users or analysts?
A: This data is a crucial indicator of inflationary pressures and household spending in the hospitality sector, which is important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The Argentine statistics agency collects price data from a representative sample of businesses to calculate the Restaurants and Hotels CPI.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this and other CPIs to assess the overall state of the Argentine economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is published regularly by the Argentine statistics agency, but there may be occasional delays or revisions to the data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Argentina (ARGCP110000GYQ), retrieved from FRED.