Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Argentina
ARGCP110000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,151.62
Year-over-Year Change
181.25%
Date Range
12/1/2016 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Argentina measures the changes in prices paid by consumers for dining, accommodations, and related services. This metric is a key indicator of inflationary pressures in the hospitality 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 Restaurants and Hotels CPI is a subcomponent of the broader Argentine CPI, which tracks the average change in prices for a basket of consumer goods and services. This sector-specific index provides important insights into price dynamics and consumer spending behavior in the hospitality industry.
Methodology
The data is collected through surveys of businesses and households by Argentina's national statistical agency.
Historical Context
Policymakers and economists closely monitor the Restaurants and Hotels CPI to assess the overall health of the Argentine economy and make informed decisions.
Key Facts
- The Restaurants and Hotels CPI accounts for over 11% of the total Argentine CPI basket.
- Argentina's Restaurants and Hotels CPI has risen by an average of 50% annually over the past 5 years.
- Prices in the Restaurants and Hotels sector are a leading indicator of broader inflationary trends in Argentina.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Argentina measures the changes in prices paid by consumers for dining, accommodations, and related services.
Q: Why is this trend relevant for users or analysts?
A: This sector-specific CPI provides important insights into price dynamics and consumer spending behavior in the hospitality industry, which is a key driver of the Argentine economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by Argentina's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Restaurants and Hotels CPI to assess the overall health of the Argentine economy and make informed decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly with a typical 2-week delay, and may be subject to revisions based on updated source data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Argentina (ARGCP110000IXNBM), retrieved from FRED.