Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Israel
ISRCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.46
Year-over-Year Change
90.15%
Date Range
1/1/1994 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Israel tracks changes in the prices of food services, accommodation, and related costs for consumers. This metric is a key indicator of inflation and consumer spending patterns in the service 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 CPI for Restaurants and Hotels in Israel is a subindex of the country's overall Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This sector-specific index helps economists and policymakers understand inflationary pressures and consumer behavior within the hospitality industry.
Methodology
The Israeli Central Bureau of Statistics collects price data from a sample of establishments and calculates the CPI for Restaurants and Hotels using a Laspeyres index formula.
Historical Context
This economic indicator is used by the Bank of Israel and other analysts to inform monetary policy decisions and assess the health of the service economy.
Key Facts
- The CPI for Restaurants and Hotels accounts for around 11% of Israel's overall CPI basket.
- This index has shown steady annual growth of 2-3% over the past decade.
- Prices in the restaurants and hotels sector are a key driver of Israel's headline inflation rate.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Israel tracks changes in the prices of food services, accommodation, and related costs for consumers.
Q: Why is this trend relevant for users or analysts?
A: This sector-specific index helps economists and policymakers understand inflationary pressures and consumer behavior within the hospitality industry, which is an important part of Israel's service economy.
Q: How is this data collected or calculated?
A: The Israeli Central Bureau of Statistics collects price data from a sample of establishments and calculates the CPI for Restaurants and Hotels using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: This economic indicator is used by the Bank of Israel and other analysts to inform monetary policy decisions and assess the health of the service economy.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels in Israel is published monthly with a typical 2-3 week lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Israel (ISRCP110000GYM), retrieved from FRED.