Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Czechia
CZECPHP1100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193.50
Year-over-Year Change
5.56%
Date Range
1/1/1996 - 3/1/2025
Summary
This economic indicator tracks changes in consumer prices for restaurants and hotels in Czechia, providing insight into a key component of the overall cost of living.
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 (CPI) for Restaurants and Hotels is a sub-index of the broader Harmonized Index of Consumer Prices (HICP), which measures the average change in prices paid by consumers for a basket of goods and services. This sectoral CPI is widely used by policymakers and analysts to assess inflationary pressures in the hospitality industry.
Methodology
The data is collected through surveys of prices paid by consumers at a representative sample of restaurants, hotels, and other hospitality establishments.
Historical Context
Monitoring trends in this CPI sub-index helps economists and policymakers understand the dynamics of the services sector and its impact on overall consumer price inflation.
Key Facts
- Czechia's CPI for Restaurants and Hotels uses 2015 as the base year.
- This index accounts for around 8% of the overall Harmonized Index of Consumer Prices in Czechia.
- The data is published monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in consumer prices for restaurants, hotels, and other hospitality services in Czechia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the CPI for Restaurants and Hotels provides insights into inflationary pressures in the services sector, which is crucial for understanding overall consumer price dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at a representative sample of hospitality establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI sub-index to assess inflationary conditions in the services sector and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Czech Statistical Office with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Czechia (CZECPHP1100IXOBM), retrieved from FRED.