Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Slovak Republic
SVKCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.73
Year-over-Year Change
291.27%
Date Range
1/1/2003 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in the Slovak Republic measures changes in the prices paid by consumers for dining out and lodging services. This metric is a key indicator of inflation and cost-of-living trends for 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 CPI for Restaurants and Hotels tracks price changes for a basket of common restaurant and hotel services and goods consumed by households in the Slovak Republic. It is a subcomponent of the broader national Consumer Price Index, providing insight into inflationary pressures within the hospitality industry.
Methodology
The data is collected through regular surveys of prices for a representative sample of goods and services in the Restaurants and Hotels category.
Historical Context
This CPI component is used by policymakers, economists, and businesses to analyze consumer spending patterns and inflationary dynamics in the Slovak hospitality market.
Key Facts
- The Restaurants and Hotels CPI accounts for around 8% of the overall Slovak consumer price index.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
- Lodging costs make up roughly 40% of the Restaurants and Hotels CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in the Slovak Republic 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: This metric provides important insights into inflationary pressures and consumer spending patterns within the Slovak hospitality industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices for a representative sample of goods and services in the Restaurants and Hotels category.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this CPI component to analyze consumer spending and inflationary dynamics in the Slovak hospitality market.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly with a typical 1-2 month lag, providing timely data on price trends in this sector.
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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 (SVKCP110000GYM), retrieved from FRED.