Consumer Price Index: Communication (COICOP 08): Total for Austria
AUTCP080000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.40
Year-over-Year Change
-5.04%
Date Range
1/1/1997 - 11/1/2023
Summary
The Consumer Price Index for Communication (COICOP 08) measures the inflation rate for communication goods and services in Austria. This key economic indicator is closely watched by policymakers and analysts to assess changes in consumer spending and the overall cost of living.
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 Communication CPI tracks the prices of telephone and telefax equipment, telephone and telefax services, and postal services in Austria. It is a subcomponent of the broader Consumer Price Index, providing insights into inflationary pressures within the communication sector.
Methodology
The data is collected monthly through surveys of businesses and households by Statistics Austria.
Historical Context
The Communication CPI is used to inform monetary policy and assess the impact of price changes on consumer budgets.
Key Facts
- The Communication CPI is a subindex of the overall Austrian CPI.
- Communication accounts for around 3.5% of the total Austrian consumer basket.
- Prices for communication goods and services have been relatively stable in Austria in recent years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures the prices of telephone, telefax, and postal services in Austria. It is a subcomponent of the broader Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides insights into inflationary pressures within the communication sector, which is an important part of consumer spending and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected monthly through surveys of businesses and households by Statistics Austria.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers and economists to inform monetary policy decisions and assess the impact of price changes on consumer budgets.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with no significant delays, providing timely information on price trends in the communication sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Austria (AUTCP080000IXNBM), retrieved from FRED.