Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden
SWECP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.87
Year-over-Year Change
-20.32%
Date Range
1/1/1981 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Sweden measures changes in the prices paid by consumers for dining out and accommodations. This metric is an important indicator of inflation and consumer spending patterns.
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 subcomponent of the broader Consumer Price Index, which tracks the cost of a basket of consumer goods and services. This measure is used by economists and policymakers to assess inflationary pressures and consumer demand in the Swedish economy.
Methodology
The data is collected through surveys of prices paid by consumers at restaurants, cafes, hotels, and other hospitality establishments.
Historical Context
The Restaurants and Hotels CPI is a key input for Sweden's monetary policy decisions and economic growth forecasts.
Key Facts
- The Restaurants and Hotels CPI accounts for about 4% of the total Swedish CPI basket.
- Prices in this sector tend to be more volatile than the overall CPI due to seasonal factors.
- The Restaurants and Hotels CPI has increased by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Restaurants and Hotels in Sweden measures changes in the prices paid by consumers for dining out and accommodations.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of inflationary pressures and consumer spending patterns in the Swedish economy, which is used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at restaurants, cafes, hotels, and other hospitality establishments.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is a key input for Sweden's monetary policy decisions and economic growth forecasts.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden (SWECP110000GYQ), retrieved from FRED.