Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Austria
AUTCP090000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.04
Year-over-Year Change
-59.18%
Date Range
1/1/1998 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Austria measures changes in the prices paid by consumers for goods and services related to recreation, entertainment, and cultural activities. This trend is a key indicator of consumer spending patterns and inflationary pressures in the Austrian economy.
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 Recreation and Culture in Austria is a subindex of the broader Consumer Price Index, which tracks the prices of a basket of goods and services consumed by Austrian households. This specific index focuses on measuring price changes for items like recreational equipment, media, and cultural services, providing insights into consumer demand and the cost of leisure activities.
Methodology
The data is collected through a survey of prices charged by retailers and service providers across Austria.
Historical Context
Policymakers and economists analyze this CPI trend to understand household spending behavior and evaluate the impact of inflation on consumer budgets.
Key Facts
- Austria's CPI for Recreation and Culture has increased by 15% over the past decade.
- Spending on recreation and culture accounts for approximately 10% of the average Austrian household's budget.
- The CPI for this category is a leading indicator of changes in consumer preferences and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Austria measures changes in the prices paid by consumers for goods and services related to recreation, entertainment, and cultural activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and inflationary pressures in the Austrian economy, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a survey of prices charged by retailers and service providers across Austria.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this CPI trend to understand household spending behavior and evaluate the impact of inflation on consumer budgets, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Recreation and Culture in Austria is published monthly with a relatively short delay, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Austria (AUTCP090000GYM), retrieved from FRED.