Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Japan
JPNCP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.91
Year-over-Year Change
2.83%
Date Range
1/1/1970 - 4/1/2021
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Japan measures changes in the prices paid by consumers for dining out and accommodation services. This metric is a key indicator of inflation and consumer spending patterns.
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 CPI for Restaurants and Hotels is a subcomponent of the overall Consumer Price Index, providing insight into a specific sector of the Japanese economy. It is used by policymakers, economists, and market analysts to assess trends in consumer behavior and the broader inflationary environment.
Methodology
The data is collected through surveys of prices paid by consumers at a representative sample of restaurants, hotels, and other hospitality establishments across Japan.
Historical Context
Monitoring the CPI for Restaurants and Hotels helps inform monetary policy decisions and assessments of the health of the Japanese economy.
Key Facts
- The CPI for Restaurants and Hotels in Japan has a base year of 2015.
- This index is published monthly by the Japanese government's Statistics Bureau.
- Prices for dining out and hotel stays account for approximately 8% of the total Japanese CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Japan measures changes in the prices paid by consumers for dining out and accommodation services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key component of consumer spending and is used to assess inflationary pressures and consumer behavior in the Japanese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at a representative sample of restaurants, hotels, and other hospitality establishments across Japan.
Q: How is this trend used in economic policy?
A: Monitoring the CPI for Restaurants and Hotels helps inform monetary policy decisions and assessments of the health of the Japanese economy.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels in Japan is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Japan (JPNCP110000IXOBQ), retrieved from FRED.