Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for United States
USACP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
-357.81%
Date Range
4/1/2010 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels measures changes in the prices paid by consumers for a basket of food, accommodation, and related services in the United States. It is a key economic indicator that helps policymakers and analysts understand inflationary pressures in the service sector.
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 component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a fixed basket of goods and services. The Restaurants and Hotels category represents a significant portion of household spending and is closely monitored for its impact on overall inflation.
Methodology
The data is collected through surveys of establishments and households by the U.S. Bureau of Labor Statistics.
Historical Context
The CPI for Restaurants and Hotels is used by the Federal Reserve and other policymakers to assess economic conditions and guide monetary policy decisions.
Key Facts
- The Restaurants and Hotels category accounts for over 10% of the total CPI basket.
- Prices in this sector have historically risen faster than overall inflation.
- Changes in the CPI for Restaurants and Hotels can affect consumer spending and confidence.
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 a basket of food, accommodation, and related services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflationary pressures in the service sector, which is closely monitored by policymakers and analysts to assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The CPI for Restaurants and Hotels is used by the Federal Reserve and other policymakers to assess economic conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels is published monthly, with a typical delay of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for United States (USACP110000GPQ), retrieved from FRED.