Harmonized Index of Consumer Prices: Restaurants and Hotels for Czech Republic
CP1100CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.80
Year-over-Year Change
5.05%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants and Hotels for Czech Republic tracks price changes in the restaurant and hotel sector, providing insights into consumer spending and inflationary pressures in this key service industry.
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 component of the broader Harmonized Index of Consumer Prices (HICP), which is the European Union's primary measure of consumer inflation. The Restaurants and Hotels index specifically focuses on price trends for meals, beverages, and overnight accommodations, shedding light on a crucial aspect of the Czech consumer economy.
Methodology
The data is collected through surveys of businesses in the restaurant and hotel sectors.
Historical Context
Policymakers and analysts use this index to assess the state of the Czech economy and make informed decisions about monetary and fiscal policies.
Key Facts
- The index has a base year of 2015 = 100.
- Restaurants and hotels account for a significant portion of Czech consumer spending.
- Price changes in this sector can impact overall inflation and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants and Hotels for Czech Republic measures the price changes for meals, beverages, and overnight accommodations in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the consumer service sector, which is a key driver of the Czech economy. It helps analysts and policymakers understand inflationary pressures and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the restaurant and hotel sectors in the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the state of the Czech economy and make informed decisions about monetary and fiscal policies, such as interest rates and consumer stimulus measures.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices data is typically published on a monthly basis with a short delay, providing timely information to users.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Czechia
LRAC25MACZA156N
Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Czechia
LFEM74MACZA657S
International Merchandise Trade Statistics: Trade Balance: Commodities for Czechia
XTNTVA01CZM667S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Czechia
CZECPHP0200IXOBM
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Czech Republic
CZEGFCEQDSMEI
Labor Compensation: Earnings: Manufacturing: Hourly for Czech Republic
CZELCEAMN01GPSAQ
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Czech Republic (CP1100CZM086NEST), retrieved from FRED.