Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Switzerland
CHECP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-20.29%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index for Restaurants and Hotels in Switzerland tracks changes in the prices paid by consumers for dining and lodging services. This trend is a key measure of inflation in the hospitality industry and provides insights into 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 Consumer Price Index for Restaurants and Hotels in Switzerland is a component of the larger Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for the country. It measures the price changes over time for a basket of common restaurant and hotel services consumed by Swiss households.
Methodology
The data is collected through regular surveys of prices at a representative sample of restaurants, cafes, and hotels across Switzerland.
Historical Context
Policymakers and economists use this index to assess inflationary pressures and consumer demand in the hospitality sector, which is an important part of the Swiss economy.
Key Facts
- The index has a base year of 1999 = 100.
- Restaurants and hotels account for over 10% of total consumer spending in Switzerland.
- The index reached a record high in 2022 amid rising labor and input costs.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Restaurants and Hotels in Switzerland measures the changes in prices paid by consumers for dining and lodging services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer demand in the hospitality sector, which is a significant part of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices at a representative sample of restaurants, cafes, and hotels across Switzerland.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures and consumer demand in the hospitality sector, which informs their decision-making.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 1-2 months, and it may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Switzerland (CHECP110000CTGYM), retrieved from FRED.