Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Israel
ISRCP110000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.48
Year-over-Year Change
5.46%
Date Range
1/1/1993 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Israel measures the changes in prices paid by consumers for a basket of goods and services related to dining out and accommodation. This indicator provides insights into inflationary pressures and consumer spending patterns in the hospitality 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 cost of a representative basket of consumer goods and services. This subcategory focuses specifically on prices in the hospitality industry, including meals at restaurants, bars, and cafes, as well as hotel accommodations.
Methodology
The data is collected through regular surveys of businesses in the restaurant and hotel sectors, and prices are aggregated to calculate the monthly index.
Historical Context
The Restaurants and Hotels CPI is closely watched by policymakers and economists as an indicator of consumer demand and inflationary pressures in the service sector.
Key Facts
- The Restaurants and Hotels CPI accounts for around 10% of the total Israeli CPI basket.
- Prices in this sector have risen by an average of 3% annually over the past decade.
- Changes in the Restaurants and Hotels CPI can indicate shifts in consumer spending habits and confidence.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the changes in prices paid by consumers for a basket of goods and services related to dining out and accommodation in Israel.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and consumer spending patterns in the hospitality sector, which is an important part of the Israeli economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of businesses in the restaurant and hotel sectors, and prices are aggregated to calculate the monthly index.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is closely watched by policymakers and economists as an indicator of consumer demand and inflationary pressures in the service sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 4-6 weeks from the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Israel (ISRCP110000IXOBM), retrieved from FRED.