Global Restaurants and Hotels CPI by Country

The Global Restaurants and Hotels Consumer Price Index (CPI) experienced significant variation across different countries in 2024. Argentina leads with a substantial increase of 151.37%, followed by Hungary at 23.8% and Australia at 18.71%. European countries such as Slovakia, Czech Republic, and Lithuania also saw notable rises, ranging between 14.23% and 14.29%. Austria and Chile recorded increases of 12.19% and 11.29%, respectively. Other countries like Iceland, Estonia, and Mexico showed increases nearing 10%. Western European nations, including Portugal, Slovenia, Belgium, and the United Kingdom, observed CPI values between 9.29% and 9.44%. The Netherlands, Germany, and Ireland experienced more moderate growth, around 8%.

Further down the spectrum, Italy and Spain exhibited respectable rises of 7% and 6.84%. While Greece, Canada, and South Africa recorded increases just above 6%, Russia and the United States had relatively lower CPI changes of 5.98% and 5.43%. France remained closer to the 5% mark, with Saudi Arabia and Luxembourg experiencing more modest CPI adjustments. Countries like Israel and Switzerland showed even smaller increases, with Costa Rica and Poland nearly unchanged, indicating stable CPI values.

Future trends to watch for include potential economic recovery impacts, resulting in CPI stabilization or further inflation. Inflationary pressures may persist in developing countries, while developed economies might experience steadier CPI changes with less volatility. Monitoring geopolitical events, supply chain disruptions, and pandemics remains crucial for predicting future CPI trends in the global restaurants and hotels sector.