Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Czechia
CZECP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.30
Year-over-Year Change
39.99%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Czechia measures changes in the cost of dining out and lodging. This metric is a key indicator of consumer spending and inflation trends in the service 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 tracks the prices paid by Czech consumers for meals, snacks, and accommodations outside the home. It is a subcategory of the broader Consumer Price Index, which is used to assess the overall cost of living and guide monetary policy decisions.
Methodology
The data is collected through regular surveys of consumer prices by the Czech Statistical Office.
Historical Context
Economists and policymakers monitor this CPI component to gauge inflationary pressures in the service industry and consumer demand.
Key Facts
- The Restaurants and Hotels CPI accounts for over 10% of the total Czech CPI basket.
- Czechia's Restaurants and Hotels CPI has risen by an average of 3.2% annually over the past decade.
- Service sector inflation often leads overall price growth, making this metric a leading economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices consumers pay for dining out and lodging in Czechia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into service sector inflation and consumer spending patterns, which are important for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the Restaurants and Hotels CPI to gauge inflationary pressures and consumer demand in the service industry, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is typically published on a monthly basis with a short lag, providing timely insights into this component of the Czech consumer price index.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Czechia (CZECP110000IXOBQ), retrieved from FRED.