Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Czechia
CZECPHP1100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-33.33%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Czechia tracks changes in prices paid by consumers for meals, beverages, and accommodations. This metric is a key indicator of inflation in the hospitality sector and influences consumer spending and monetary policy decisions.
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 Consumer Price Index that measures the change in prices for a basket of goods and services consumed by households. It provides insights into inflationary pressures within the hospitality industry, which is an important component of the Czech economy.
Methodology
The data is collected through surveys of prices charged by restaurants, cafes, hotels, and other hospitality establishments across Czechia.
Historical Context
Policymakers and analysts use this CPI metric to assess inflationary trends and the broader health of the Czech consumer economy.
Key Facts
- Czechia's Restaurants and Hotels CPI reached a record high in 2022.
- The hospitality sector accounts for over 3% of Czechia's GDP.
- Rising prices in this CPI have contributed to overall inflation in Czechia.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices paid by consumers for meals, beverages, and accommodations in Czechia.
Q: Why is this trend relevant for users or analysts?
A: This CPI provides insights into inflationary pressures within the hospitality industry, which is an important component of the Czech consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by restaurants, cafes, hotels, and other hospitality establishments across Czechia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI metric to assess inflationary trends and the broader health of the Czech consumer economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Czechia (CZECPHP1100GYM), retrieved from FRED.