Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Japan
JPNCP110000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.94
Year-over-Year Change
0.47%
Date Range
1/1/1970 - 6/1/2021
Summary
The Consumer Price Index for Restaurants and Hotels in Japan measures changes in prices for dining, lodging, and related services. This key economic indicator provides insights into inflation and consumer spending in Japan's 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 is a component of the overall Consumer Price Index, which tracks the prices of a basket of consumer goods and services. This trend is used by economists and policymakers to analyze inflationary pressures and consumer demand in Japan's service industries.
Methodology
The data is collected through surveys of businesses and consumers in Japan.
Historical Context
The Restaurants and Hotels CPI is monitored closely by the Bank of Japan and other agencies to inform monetary and economic policies.
Key Facts
- The Restaurants and Hotels CPI accounts for around 9% of the total Japanese CPI basket.
- Prices in this sector have risen by an average of 1.2% per year over the past decade.
- The CPI for Restaurants and Hotels tends to be more volatile than the overall CPI.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices of dining, lodging, and related services in Japan.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and consumer demand in Japan's service sector, which is a key driver of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers in Japan.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is closely monitored by the Bank of Japan and other agencies to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Japan (JPNCP110000IXOBM), retrieved from FRED.