Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for France
FRACP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
-10.57%
Date Range
1/1/1991 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in France measures the change in prices paid by consumers for dining out and accommodation services. This key economic indicator provides insights into inflationary pressures 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 average change in prices paid by households for a basket of consumer goods and services. This sub-index specifically focuses on the hospitality and dining sectors, serving as an important gauge of consumer behavior and price dynamics in these industries.
Methodology
The data is collected through regular surveys of prices at a representative sample of restaurants, hotels, and other hospitality establishments across France.
Historical Context
The Restaurants and Hotels CPI is closely monitored by policymakers, economists, and market analysts to understand overall consumer spending and inflationary trends.
Key Facts
- France's Restaurants and Hotels CPI has risen by an average of 2.1% annually over the past decade.
- The hospitality sector accounts for over 10% of France's total consumer expenditure.
- The Restaurants and Hotels CPI is a leading indicator of broader inflationary pressures in the French economy.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the change in prices paid by French consumers for dining out and accommodation services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending patterns and inflationary pressures in the hospitality sector, which is a key component of the French economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices at a representative sample of restaurants, hotels, and other hospitality establishments across France.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is closely monitored by policymakers, economists, and market analysts to understand overall consumer spending and inflationary trends.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is published monthly 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 France (FRACP110000GYM), retrieved from FRED.