Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Slovak Republic
SVKCPHP1100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181.44
Year-over-Year Change
8.73%
Date Range
1/1/1996 - 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 a basket of goods and services related to dining out and accommodations. This metric is a key indicator of inflation 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 sub-index of the overall Consumer Price Index, which tracks the average change in prices paid by consumers. This specific index provides insight into price trends in the hospitality industry, which is an important component of the Slovak economy.
Methodology
The data is collected through surveys of businesses and households, then aggregated and adjusted for seasonal variations.
Historical Context
Policymakers and economists closely monitor the Restaurants and Hotels CPI to understand consumer spending patterns and inflationary pressures in the services sector.
Key Facts
- The Restaurants and Hotels CPI is a sub-index of the overall Slovak Consumer Price Index.
- This metric tracks price changes for a basket of goods and services related to dining out and accommodations.
- Monitoring the Restaurants and Hotels CPI provides insights into inflationary pressures in the hospitality sector.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices paid by consumers for a basket of goods and services related to dining out and accommodations in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and consumer spending patterns in the hospitality industry, which is a key component of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households, then aggregated and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Restaurants and Hotels CPI to understand consumer spending patterns and inflationary pressures in the services sector, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is subject to the same update schedules and potential limitations as the overall Slovak Consumer Price Index.
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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 (SVKCPHP1100IXOBM), retrieved from FRED.