Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Austria
AUTCP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.72
Year-over-Year Change
9.44%
Date Range
1/1/1998 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Austria measures the cost of these goods over time. This data is crucial for understanding inflationary pressures and consumer spending patterns in the country.
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 Alcoholic Beverages, Tobacco and Narcotics is part of the Harmonized Index of Consumer Prices (HICP) framework used across the European Union. It tracks the prices paid by Austrian consumers for these products, which are important components of the overall cost of living.
Methodology
The data is collected through surveys of retail establishments and households by Austria's national statistics agency.
Historical Context
Policymakers and economists use this CPI data to assess the state of the Austrian economy and inform decisions on monetary and fiscal policy.
Key Facts
- Austria's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This index accounts for approximately 4% of the total Austrian consumer price basket.
- Prices in this category have risen by an average of 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures the prices paid by Austrian consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI data is crucial for understanding inflationary pressures and consumer spending patterns in Austria, which informs policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by Austria's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI data to assess the state of the Austrian economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is published monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Austria (AUTCP020000GYM), retrieved from FRED.