Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
PRTCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
57.23%
Date Range
1/1/1949 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Portugal is a key economic indicator that measures changes in the prices paid by consumers for meals, accommodation, and related services.
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 is a component of the broader Consumer Price Index, which tracks the overall cost of a basket of consumer goods and services. This specific index provides insights into inflationary pressures in the hospitality sector, which is an important driver of economic activity.
Methodology
The data is collected through surveys of prices charged by a representative sample of restaurants, hotels, and other hospitality businesses across Portugal.
Historical Context
Policymakers and analysts use this CPI component to assess the health of the Portuguese service economy and consumer spending patterns.
Key Facts
- The CPI for Restaurants and Hotels accounts for about 8% of the total Portuguese CPI basket.
- This index has shown steady annual increases of around 2-3% over the past decade.
- Rising prices in the hospitality sector can contribute to overall inflationary pressures in the Portuguese economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Portugal measures changes in the prices paid by consumers for meals, accommodation, and related services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into inflationary pressures in the important hospitality sector, which is a key driver of economic activity in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by a representative sample of restaurants, hotels, and other hospitality businesses across Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess the health of the Portuguese service economy and consumer spending patterns.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels is reported monthly with minimal update delays, providing timely insights into this important sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal (PRTCP110000GYM), retrieved from FRED.