Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Austria
AUTCP080000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.82
Year-over-Year Change
-5.59%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Austria measures changes in the prices paid by consumers for a basket of communication-related goods and services, providing insights into inflationary trends in the communication sector.
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 is a component of the broader Consumer Price Index, which is a key economic indicator used to track inflation in Austria. It reflects the changing costs of communication-related items such as telephone services, internet access, and postal charges.
Methodology
The data is collected through a survey of prices from a representative sample of retail outlets and service providers across Austria.
Historical Context
The Communication CPI is closely monitored by policymakers and analysts to gauge price pressures in the communication industry and its impact on overall consumer spending.
Key Facts
- The base year for the Communication CPI is 2015.
- Communication accounts for approximately 3.5% of the overall Austrian CPI basket.
- The Communication CPI has shown relatively stable inflation compared to other CPI components in recent years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices paid by Austrian consumers for a basket of communication-related goods and services, including telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures in the communication sector, which can have broader implications for consumer spending and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of prices from a representative sample of retail outlets and service providers across Austria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Communication CPI to assess price dynamics in the communication industry and its impact on overall consumer spending and inflation.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly by the Austrian statistical agency, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Austria (AUTCP080000IXOBM), retrieved from FRED.