Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria
AUTCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.20
Year-over-Year Change
8.29%
Date Range
1/1/1997 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) Total for Austria measures the changes in prices for recreational and cultural goods and services in Austria. This metric is crucial for economists and policymakers to understand consumer spending patterns and inflationary pressures.
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 Total index tracks the prices of a basket of recreational and cultural items, including recreational and cultural services, audio-visual equipment, and package holidays. This provides a comprehensive view of the costs associated with leisure activities and cultural participation in the Austrian economy.
Methodology
The data is collected through a survey of retail establishments and service providers across Austria.
Historical Context
The COICOP 09 Total index is used by the Austrian government and central bank to monitor inflation and guide economic policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Recreation and culture account for around 9% of the Austrian consumer price basket.
- The index is published monthly by the Austrian Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) Total for Austria measures changes in the prices of recreational and cultural goods and services in the Austrian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer spending patterns and inflationary pressures, particularly in the leisure and cultural sectors of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and service providers across Austria.
Q: How is this trend used in economic policy?
A: The COICOP 09 Total index is used by the Austrian government and central bank to monitor inflation and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Austrian Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria (AUTCP090000IXNBM), retrieved from FRED.