Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for United States
USACP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.54
Year-over-Year Change
17.17%
Date Range
1/1/2010 - 10/1/2024
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in the United States measures changes in the prices paid by consumers for dining out and hotel stays. This key indicator provides insights into inflationary pressures 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 part of the broader Consumer Price Index, which tracks the prices of a representative basket of consumer goods and services. This subcategory offers a window into the restaurant and hospitality sectors, which are important components of the overall economy.
Methodology
The data is collected through surveys of businesses and consumers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this CPI component to gauge consumer demand and inflationary trends in the services sector.
Key Facts
- The CPI for Restaurants and Hotels is a component of the broader Consumer Price Index.
- This index tracks price changes in dining out and hotel stays for consumers.
- Policymakers monitor this indicator to assess inflationary pressures in the services sector.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Restaurants and Hotels measures changes in the prices paid by consumers for dining out and hotel stays in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and consumer spending patterns in the important services sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to gauge consumer demand and inflationary trends in the services sector.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels is updated monthly by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for United States (USACP110000IXOBQ), retrieved from FRED.