Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for France
FRACP110000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.65
Year-over-Year Change
4.47%
Date Range
1/1/1990 - 11/1/2023
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11) measures the inflation rate for food services and accommodation in France. It is a key indicator of consumer price dynamics in the French 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 COICOP 11 index tracks price changes for a basket of goods and services related to dining out, hotels, and other hospitality expenses for French consumers. It is an important component of the overall Consumer Price Index and can provide insights into inflationary pressures in the services industry.
Methodology
The data is collected through surveys of businesses and consumers by the French National Institute of Statistics and Economic Studies (INSEE).
Historical Context
Economists and policymakers monitor this index to assess consumer demand, service sector inflation, and the broader state of the French economy.
Key Facts
- The base year for the COICOP 11 index is 2015 = 100.
- Food services make up over 60% of the index's basket of goods.
- Accommodation accounts for the remaining 40% of the index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels (COICOP 11) measures the inflation rate for food services and accommodation in France.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures in the French services industry, which is an important component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by the French National Institute of Statistics and Economic Studies (INSEE).
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess consumer demand, service sector inflation, and the broader state of the French economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 2-week delay after the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for France (FRACP110000IXNBM), retrieved from FRED.