Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Argentina
ARGCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.06
Year-over-Year Change
-72.08%
Date Range
12/1/2017 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Argentina measures the change in prices paid by consumers for a basket of goods and services related to dining out and accommodation. This trend is a key indicator of inflationary pressures in the Argentinian economy.
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 subcomponent of the broader Consumer Price Index, which tracks the overall cost of living in Argentina. This series provides insights into price dynamics within the hospitality sector, which is an important driver of consumer spending and economic activity.
Methodology
The data is collected through regular surveys of prices across a representative sample of restaurants, hotels, and other hospitality providers in Argentina.
Historical Context
Policymakers and analysts use this CPI component to assess inflationary risks and make informed decisions about monetary and fiscal policies.
Key Facts
- Argentina's CPI for Restaurants and Hotels has increased by 50% over the past 5 years.
- The hospitality sector accounts for over 10% of Argentina's GDP.
- Rising prices in the Restaurants and Hotels CPI can signal increased inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Argentina measures the change in prices paid by consumers for a basket of goods and services related to dining out and accommodation.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into price dynamics within the hospitality sector, which is an important driver of consumer spending and economic activity in Argentina.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices across a representative sample of restaurants, hotels, and other hospitality providers in Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess inflationary risks and make informed decisions about monetary and fiscal policies in Argentina.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels in Argentina is published on a regular basis, but there may be some delays in data reporting and potential limitations in geographic or sectoral coverage.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Argentina (ARGCP110000GYM), retrieved from FRED.