Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
PRTCP110000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.87
Year-over-Year Change
6.70%
Date Range
1/1/1948 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Portugal measures the change in prices for dining, accommodation, and related services. This key economic indicator helps assess 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 Restaurants and Hotels CPI is a component of the overall Consumer Price Index, which tracks the cost of a basket of consumer goods and services. It focuses specifically on the prices faced by Portuguese households for eating out, hotel stays, and related activities.
Methodology
The Portuguese National Statistics Institute collects price data from a sample of businesses to calculate this index.
Historical Context
The Restaurants and Hotels CPI is used by policymakers, economists, and businesses to understand inflationary pressures and consumer behavior.
Key Facts
- The Restaurants and Hotels CPI has a base year of 2015.
- This index accounts for about 9% of the overall Portuguese CPI basket.
- Prices in this sector tend to be more volatile than the general CPI.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the change in prices for dining, accommodation, and related services in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer spending patterns in the service sector, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The Portuguese National Statistics Institute collects price data from a sample of businesses to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use the Restaurants and Hotels CPI to understand inflationary pressures and consumer behavior.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly, with a typical 2-3 week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal (PRTCP110000IXOBM), retrieved from FRED.