Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Hungary
HUNCP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
19.22%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Hungary measures the change in prices paid by consumers for dining out and accommodation services. It is a key indicator of inflationary pressures in the Hungarian services 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 Restaurants and Hotels CPI is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. It provides insights into price dynamics within the Hungarian hospitality industry and helps policymakers and analysts assess the state of the economy.
Methodology
The data is collected through regular surveys of businesses in the restaurants, cafes, and hotels sectors.
Historical Context
The Restaurants and Hotels CPI is used by the Hungarian Central Bank and other economic institutions to inform monetary policy decisions and monitor consumer inflation.
Key Facts
- The base year for the Restaurants and Hotels CPI is 2015.
- Dining out and accommodation account for approximately 8% of the Hungarian consumer's budget.
- Prices in the Restaurants and Hotels sector have risen faster than the overall CPI in recent years.
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 Hungary.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures within the Hungarian services sector, which is important for policymakers and economists assessing the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of businesses in the restaurants, cafes, and hotels sectors.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used by the Hungarian Central Bank and other economic institutions to inform monetary policy decisions and monitor consumer inflation.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release 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 Hungary (HUNCP110000CTGYM), retrieved from FRED.