Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Austria
AUTCP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.09
Year-over-Year Change
-7.96%
Date Range
1/1/1959 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Austria measures the changes in prices paid by consumers for these essential goods and services. This key economic indicator is closely monitored by policymakers to assess 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 COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Austria represents the price changes in a basket of food and non-alcoholic beverage items that are typical of Austrian household consumption. This index is a vital component of the overall CPI, which is used to track and manage national inflation.
Methodology
The data is collected by Austria's national statistical agency through regular surveys of retail prices.
Historical Context
Policymakers and analysts use this CPI component to evaluate cost-of-living changes and their impact on consumer purchasing power and standards of living.
Key Facts
- The CPI for Food and Non-Alcoholic Beverages represents about 16% of the total Austrian CPI basket.
- This index has increased by an average of 2.1% annually over the past decade.
- Austria's food and beverage prices are among the highest in the European Union.
FAQs
Q: What does this economic trend measure?
A: The COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Austria measures the changes in retail prices for a basket of food and non-alcoholic drink items typically purchased by Austrian consumers.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflationary pressures and changes in the cost of living for Austrian households, making it highly relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by Austria's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers closely monitor this CPI component to assess inflationary trends and make informed decisions about monetary and fiscal policies that impact consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Austria is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Austria (AUTCP010000GYM), retrieved from FRED.