Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria
AUTCP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
38.49%
Date Range
4/1/1997 - 7/1/2023
Summary
The Consumer Price Index for Recreation and Culture (COICOP 09) measures changes in the prices of recreational goods and services in Austria. This metric is a key indicator of consumer spending and inflationary trends in the recreation and cultural sectors.
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 09 index tracks the prices of a wide range of recreational products and activities, including entertainment, media, hobbies, and cultural events. It is an important component of the overall Consumer Price Index and provides insights into consumer behavior and economic conditions.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Austrian statistical agency.
Historical Context
Policymakers and analysts use this index to assess the impact of recreation and culture-related inflation on the broader economy.
Key Facts
- The COICOP 09 index is a component of the overall Consumer Price Index for Austria.
- Recreational and cultural activities account for approximately 10% of household spending in Austria.
- Prices in the recreation and culture sector have historically been more volatile than the overall CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture (COICOP 09) measures changes in the prices of recreational goods and services in Austria.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending and inflationary pressures in the recreation and cultural sectors, which are important components of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of recreation and culture-related inflation on the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a relatively short delay, providing timely insights into this economic sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria (AUTCP090000GPQ), retrieved from FRED.