Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria
AUTCP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.23
Year-over-Year Change
15.20%
Date Range
1/1/1997 - 7/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) for Austria measures the change in prices for a basket of goods and services related to recreation, culture, and leisure activities. This important indicator provides insights into 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 COICOP 09 index is a subcomponent of the overall Austrian Consumer Price Index, which tracks price changes for a broad range of consumer goods and services. The recreation and culture category includes items such as televisions, computers, sports equipment, cultural events, and recreational services. This metric is closely monitored by policymakers and analysts to assess consumer demand and inflationary dynamics.
Methodology
The data is collected through a nationwide survey of consumer prices by Statistics Austria.
Historical Context
The COICOP 09 index is a key input for the European Central Bank's monetary policy decisions affecting Austria.
Key Facts
- The COICOP 09 index has a base year of 2015 = 100.
- Austria's recreation and culture prices rose 2.3% year-over-year in 2022.
- The COICOP 09 index accounts for around 8% of the total Austrian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) for Austria measures changes in the prices of goods and services related to recreation, cultural activities, and leisure time.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in the Austrian economy, which is valuable information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Statistics Austria.
Q: How is this trend used in economic policy?
A: The COICOP 09 index is a key input for the European Central Bank's monetary policy decisions affecting Austria.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria (AUTCP090000IXNBQ), retrieved from FRED.