Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Israel
ISRCP110000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.25
Year-over-Year Change
-128.59%
Date Range
2/1/1993 - 11/1/2023
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Israel measures changes in the prices paid by consumers for food and accommodation services in that country.
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
This economic indicator tracks the inflation rate for a basket of goods and services related to dining out and lodging in Israel. It is a key metric used by policymakers and analysts to assess the overall cost of living and consumer spending trends.
Methodology
The data is collected through surveys of businesses and households by Israel's Central Bureau of Statistics.
Historical Context
The restaurants and hotels index is closely watched as a proxy for consumer demand and discretionary spending within the Israeli economy.
Key Facts
- The base year for this index is 2015.
- Restaurants and hotels account for over 11% of the Israeli consumer price basket.
- The index reached an all-time high in 2022 amid post-pandemic recovery.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels (COICOP 11) for Israel tracks changes in the prices paid by consumers for food service and accommodation services in that country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric for assessing consumer demand, inflation, and the overall cost of living in Israel, which are important factors for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of businesses and households by Israel's Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The restaurants and hotels index is closely watched as a proxy for consumer demand and discretionary spending, which are important inputs for monetary and fiscal policy decisions in Israel.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks. There may be occasional revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Israel (ISRCP110000GPM), retrieved from FRED.