Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Slovak Republic
SVKCP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
301.39%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Slovakia measures changes in the prices paid by consumers for dining out and lodging. This data is crucial for assessing consumer spending patterns and inflationary pressures.
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 overall Slovak Consumer Price Index. It tracks price fluctuations for services like dining, accommodations, and recreation-related activities. This metric provides insight into both consumer behavior and broader economic conditions.
Methodology
The Slovak Statistical Office collects price data from a sample of businesses and service providers across the country.
Historical Context
Policy makers and analysts use this CPI data to understand consumer behavior and monitor inflationary trends.
Key Facts
- The Restaurants and Hotels CPI accounts for around 8% of the total Slovak CPI basket.
- Prices in this sector have risen by an average of 2.5% annually over the past decade.
- Lodging costs make up the largest component of the Restaurants and Hotels CPI.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices paid by Slovak consumers for dining out, accommodations, and related services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and inflationary pressures in the services sector, which is crucial for understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a sample of businesses and service providers across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI data to monitor consumer behavior and inflationary trends, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly with a typical 2-week delay, and may be subject to revisions based on additional data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Slovak Republic (SVKCP110000CTGYM), retrieved from FRED.