Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Finland
FINCP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-56.70%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Finland measures the change in prices paid by consumers for dining out and hotel accommodations. This data is essential for analyzing inflation trends and consumer spending patterns.
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 Restaurants and Hotels CPI is a component of the broader Consumer Price Index, which tracks the overall cost of a basket of consumer goods and services. It provides insights into how the prices of dining and lodging options are changing over time, enabling policymakers and economists to assess inflationary pressures and consumer behavior.
Methodology
The data is collected through surveys of businesses and households by the national statistical agency.
Historical Context
This CPI component is used to inform monetary policy decisions and to understand consumer spending dynamics.
Key Facts
- The Restaurants and Hotels CPI is a component of the overall Consumer Price Index.
- It measures price changes for dining out and hotel accommodations in Finland.
- The data is collected through surveys by the national statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the change in prices paid by consumers for dining out and hotel accommodations in Finland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and consumer spending patterns, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the national statistical agency.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used to inform monetary policy decisions and to understand consumer spending dynamics.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological changes of the national statistical agency.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Finland (FINCP110000CTGYM), retrieved from FRED.