Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria
AUTCP100000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.69
Year-over-Year Change
-25.28%
Date Range
1/1/1998 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Austria measures the price changes of educational goods and services, providing insights into inflation trends in the education sector.
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 Education in Austria is a subcomponent of the overall Consumer Price Index that tracks the prices of a representative basket of educational items, including tuition fees, school supplies, and other education-related expenses. It is a key indicator for assessing the affordability and cost of education in the country.
Methodology
The data is collected through regular price surveys of a sample of educational institutions and retailers.
Historical Context
The CPI for Education is used by policymakers, economists, and consumers to understand the inflationary pressures on the education sector and its impact on household budgets.
Key Facts
- The CPI for Education in Austria has a base year of 1999.
- Education accounts for around 3% of the total Austrian CPI basket.
- Prices for education in Austria have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Austria measures the changes in prices of educational goods and services, including tuition fees, school supplies, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Education is a crucial indicator for understanding the inflationary pressures on the education sector and its impact on household budgets, which is of interest to policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a sample of educational institutions and retailers.
Q: How is this trend used in economic policy?
A: The CPI for Education is used by policymakers, economists, and consumers to assess the affordability and cost of education, which can inform decisions related to education funding, subsidies, and household spending.
Q: Are there update delays or limitations?
A: The CPI for Education in Austria is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria (AUTCP100000GYM), retrieved from FRED.