Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Norway
Index source base, Quarterly
NORCP110000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.23
Year-over-Year Change
19.79%
Date Range
1/1/1979 - 10/1/2023
Summary
The Index source base, Quarterly trend measures changes in the base-year-referenced level of a composite indicator of retail and food services sales. It is a key economic indicator used to assess consumer spending and broader economic conditions.
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 Index source base, Quarterly is a seasonally adjusted index that tracks the overall level of retail and food services sales in the United States on a quarterly basis. It is a composite measure that includes spending across a range of retail industries and is a important gauge of consumer demand and economic health.
Methodology
The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Historical Context
The Index source base, Quarterly is closely monitored by policymakers, economists, and investors to understand trends in consumer spending and broader economic activity.
Key Facts
- The index is published on a quarterly basis by the U.S. Census Bureau.
- The base year for the index changes periodically to maintain relevance.
- Retail sales account for nearly 30% of U.S. gross domestic product (GDP).
FAQs
Q: What does this economic trend measure?
A: The Index source base, Quarterly measures changes in the base-year-referenced level of a composite indicator of retail and food services sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer spending and broader economic conditions, and is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Index source base, Quarterly is used by policymakers, economists, and investors to understand trends in consumer spending and broader economic activity.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with some lag from the end of the reference period.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Norway
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Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Norway
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Citation
U.S. Federal Reserve, Index source base, Quarterly (NORCP110000IXNBQ), retrieved from FRED.