Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria
AUTCP100000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.14
Year-over-Year Change
4.69%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Austria measures the change in prices for educational goods and services over time. This metric is important for economists and policymakers to understand inflation and cost-of-living 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 price changes for items like tuition, books, transportation, and other educational expenses. It provides insight into inflationary pressures and affordability in the Austrian education system.
Methodology
The data is collected through surveys of households and institutions and calculated using a fixed basket of representative educational goods and services.
Historical Context
Education cost trends are closely monitored by policymakers as they impact household budgets and inform decisions around public funding and educational policies.
Key Facts
- Austria's CPI for Education has risen 20% over the past decade.
- Education accounts for around 2% of the total Austrian consumer price index basket.
- Tuition fees make up the largest component of the Education CPI in Austria.
FAQs
Q: What does this economic trend measure?
A: The CPI for Education in Austria measures the change in prices for educational goods and services, including tuition, books, transportation, and other school-related expenses.
Q: Why is this trend relevant for users or analysts?
A: Tracking education costs is important for understanding inflation and cost-of-living pressures, as well as informing policy decisions around public funding and affordability in the education system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and institutions and calculated using a fixed basket of representative educational goods and services.
Q: How is this trend used in economic policy?
A: Education cost trends are closely monitored by policymakers as they impact household budgets and inform decisions around public funding and educational policies.
Q: Are there update delays or limitations?
A: The CPI for Education in Austria is updated monthly with a lag of around two weeks, providing timely data for analysis but with some delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria (AUTCP100000IXOBM), retrieved from FRED.