Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Argentina
ARGCP110000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.03
Year-over-Year Change
117.93%
Date Range
1/1/2017 - 11/1/2023
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11) Total for Argentina measures changes in the prices paid by consumers for meals, accommodations, and other services in the hospitality 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
This index is a key indicator of inflationary pressures in Argentina's service-based economy. It provides insight into consumer demand and spending habits, which are important for policymakers and businesses.
Methodology
The data is collected through surveys of prices paid by households for a representative basket of goods and services.
Historical Context
Economists and market analysts use this index to assess the overall rate of inflation and consumer behavior.
Key Facts
- Argentina's CPI for restaurants and hotels has increased by 50% over the past year.
- The hospitality sector accounts for over 10% of Argentina's GDP.
- This index is released monthly by the National Institute of Statistics and Censuses of Argentina.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by consumers for meals, accommodations, and other services in Argentina's hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: The CPI for restaurants and hotels is a key indicator of inflationary pressures and consumer spending in Argentina's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by households for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess the overall rate of inflation and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This index is released monthly by the National Institute of Statistics and Censuses of Argentina with no significant delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Argentina (ARGCP110000GPM), retrieved from FRED.