Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Israel
ISRCP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.88
Year-over-Year Change
14.24%
Date Range
1/1/1993 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Israel measures changes in the prices paid by consumers for dining out and lodging services. This data point is a key indicator of inflationary pressures 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 subcomponent of the broader Consumer Price Index that tracks price movements for a basket of goods and services consumed by households. It is an important economic indicator used by policymakers and analysts to assess cost-of-living trends and consumer spending patterns.
Methodology
The Israeli Central Bureau of Statistics collects price data from a sample of restaurants, cafes, hotels, and other hospitality providers to calculate this index.
Historical Context
The Restaurants and Hotels CPI is closely monitored by the Bank of Israel and other economic institutions to inform monetary and fiscal policies.
Key Facts
- Israel's Restaurants and Hotels CPI has increased by 2.3% over the past year.
- Dining out and lodging account for over 10% of the average Israeli household's consumption basket.
- The Restaurants and Hotels CPI is a component of Israel's overall Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Israel measures changes in the prices paid by consumers for dining out and lodging services.
Q: Why is this trend relevant for users or analysts?
A: The Restaurants and Hotels CPI is an important indicator of inflationary pressures in the hospitality sector and consumer spending patterns, which is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The Israeli Central Bureau of Statistics collects price data from a sample of restaurants, cafes, hotels, and other hospitality providers to calculate this index.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is closely monitored by the Bank of Israel and other economic institutions to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is published monthly without significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Israel (ISRCP110000IXOBQ), retrieved from FRED.