Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Austria
AUTCP090000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.21
Year-over-Year Change
2.04%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Austria measures the change in prices for a basket of goods and services related to leisure activities, entertainment, and cultural pursuits. This indicator is a key component of overall inflation and helps economists assess consumer spending patterns.
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 Recreation and Culture CPI for Austria tracks the price movements of a wide range of goods and services, including recreational equipment, cultural events, sports-related products, and more. This metric is used to analyze consumer behavior, gauge inflationary pressures, and inform policy decisions.
Methodology
The Austrian statistical agency collects data on a monthly basis from a representative sample of retailers and service providers to calculate the CPI.
Historical Context
The Recreation and Culture CPI is monitored by policymakers, businesses, and consumers to understand changing consumer preferences and overall economic conditions.
Key Facts
- Austria's Recreation and Culture CPI has risen by 15% over the past decade.
- Spending on recreation and culture accounts for 9% of the typical Austrian household's budget.
- The CPI for this category reached an all-time high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Austria tracks the change in prices for a basket of goods and services related to leisure activities, entertainment, and cultural pursuits.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key component of overall inflation and helps economists assess consumer spending patterns, which is crucial for understanding the broader economic climate and informing policy decisions.
Q: How is this data collected or calculated?
A: The Austrian statistical agency collects data on a monthly basis from a representative sample of retailers and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The Recreation and Culture CPI is monitored by policymakers, businesses, and consumers to understand changing consumer preferences and overall economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Austria (AUTCP090000IXOBM), retrieved from FRED.