Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Spain
ESPCP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.32
Year-over-Year Change
18.48%
Date Range
1/1/2002 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Spain measures changes in the prices paid by consumers for a basket of goods and services related to dining out and lodging. This indicator is a key metric for understanding inflation in the Spanish 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 in Spain is part of the Harmonized Index of Consumer Prices (HICP) framework used across the European Union. It tracks the prices of food away from home, accommodation services, and other hospitality-related expenditures over time to gauge inflationary pressures in this important economic sector.
Methodology
The data is collected through surveys of businesses and households by the National Statistics Institute of Spain.
Historical Context
The CPI for Restaurants and Hotels is closely watched by Spanish policymakers, investors, and economists as an indicator of consumer demand and service-sector inflation.
Key Facts
- Spain's Restaurants and Hotels CPI has a base year of 1999.
- This index accounts for around 11% of the total HICP basket in Spain.
- Prices in this sector have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Restaurants and Hotels in Spain tracks the prices paid by consumers for food away from home, accommodation, and other hospitality services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into inflationary pressures in Spain's service sector, which is a major driver of economic growth and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is closely monitored by Spanish policymakers, investors, and economists as a gauge of consumer demand and service-sector inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week lag from the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Spain (ESPCP110000IXOBQ), retrieved from FRED.