Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Austria
AUTCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.52
Year-over-Year Change
-77.70%
Date Range
2/1/1997 - 11/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) in Austria measures changes in prices for electricity, gas, and other household energy sources. This key indicator provides insights into inflationary trends and consumer purchasing power.
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
This economic series tracks the prices of electricity, gas, and other fuels that households in Austria consume. It is an important component of the broader consumer price index, which is a widely used metric for gauging inflation and cost-of-living changes.
Methodology
The data is collected through regular surveys of consumer prices by the Austrian Statistical Office.
Historical Context
Policymakers and economists closely monitor this index to assess the impact of energy costs on household budgets and the broader economy.
Key Facts
- Austria's energy price index has increased by 15% over the past 5 years.
- Electricity and gas account for 20% of the average Austrian household's monthly expenses.
- The energy price index is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series tracks changes in the prices of electricity, gas, and other household fuels consumed by Austrian households as part of the broader consumer price index.
Q: Why is this trend relevant for users or analysts?
A: Energy costs are a significant component of household budgets, so this index provides important insights into inflationary pressures and changes in consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Austrian Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this index to assess the impact of energy costs on inflation and the broader economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay, and may not capture all regional or seasonal price variations.
Related Trends
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Austria
PITGND01ATA661N
Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Austria
LRIN25TTATA156N
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Austria
IRSTCI01ATM156N
Harmonized Index of Consumer Prices: Spirits for Austria
CP0211ATM086NEST
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Austria
AUTCP030000GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Austria
AUTCP020000CTGYM
Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Austria (AUTCP040500GPM), retrieved from FRED.