Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for India
INDCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-49.73%
Date Range
1/1/2014 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in India measures the change in prices paid by consumers for dining and lodging services. This key economic indicator helps policymakers and analysts understand inflationary pressures in the 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 overall CPI, which tracks the cost of a basket of consumer goods and services. It provides insight into how rising prices in the hospitality industry impact household budgets and consumer spending.
Methodology
The Indian statistical agency collects price data from a sample of restaurants, hotels, and other hospitality establishments to calculate this index.
Historical Context
The Restaurants and Hotels CPI is used by the Reserve Bank of India and other policymakers to monitor inflation and make informed monetary policy decisions.
Key Facts
- The Restaurants and Hotels CPI is a subcomponent of the overall Indian CPI.
- Prices in the hospitality industry can be an important driver of headline inflation.
- This index helps policymakers assess inflationary pressures in the services sector.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the change in prices paid by Indian consumers for dining and lodging services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures in the services sector, which is crucial for policymakers and economists analyzing the broader economy.
Q: How is this data collected or calculated?
A: The Indian statistical agency collects price data from a sample of restaurants, hotels, and other hospitality establishments to calculate this index.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used by the Reserve Bank of India and other policymakers to monitor inflation and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting or revisions, but the Restaurants and Hotels CPI is a reliable and widely-used economic indicator.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for India (INDCP110000GYM), retrieved from FRED.