Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Austria
Index Eurostat base
AUTCPHP0300IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.91
Year-over-Year Change
2.14%
Date Range
1/1/1996 - 11/1/2023
Summary
The Index Eurostat base measures the cost of housing in Austria, providing insights into changes in the real estate market and cost of living.
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
This index tracks the prices of residential properties in Austria, including both owner-occupied and rental housing. It is a key indicator for monitoring housing affordability and inflationary pressures related to shelter costs.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The Index Eurostat base is used by policymakers, economists, and real estate analysts to assess housing market dynamics and their impact on the broader economy.
Key Facts
- The index uses 2015 as the base year (100).
- Housing costs account for a significant portion of household budgets in Austria.
- Changes in the index can signal shifts in the affordability of housing for Austrian consumers.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures changes in the prices of residential properties, including both owner-occupied and rental housing, in Austria.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into housing affordability and inflationary pressures related to shelter costs, which are crucial for understanding the overall cost of living and economic conditions in Austria.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Index Eurostat base is used by policymakers, economists, and real estate analysts to assess housing market dynamics and their impact on the broader Austrian economy.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it is collected and reported by Eurostat.
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Citation
U.S. Federal Reserve, Index Eurostat base (AUTCPHP0300IXEBM), retrieved from FRED.