Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Austria
AUTCPHP0700GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.10
Year-over-Year Change
90.91%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Austria tracks changes in transport-related consumer prices in Austria, a key economic indicator.
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 series measures price changes for a basket of transportation goods and services in Austria, including private transportation, public transport, and vehicle maintenance and operations. It is used to monitor inflation and assess purchasing power.
Methodology
The data is collected through household surveys and retail price observations by Austria's national statistics agency.
Historical Context
Transport costs are a significant portion of household budgets, so this index provides insight into consumer behavior and broader economic conditions.
Key Facts
- Austria's transport CPI has increased by 8.2% over the past year.
- Transport costs account for approximately 15% of the average Austrian household's budget.
- The transport CPI is a component of Austria's overall Harmonized Index of Consumer Prices (HICP).
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Austria measures changes in consumer prices for a basket of transportation goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: Transport costs are a significant portion of household budgets, so this index provides insight into consumer behavior and broader economic conditions in Austria.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail price observations by Austria's national statistics agency.
Q: How is this trend used in economic policy?
A: This transport CPI is used by economists, policymakers, and market analysts to monitor inflation, assess purchasing power, and understand broader economic trends in Austria.
Q: Are there update delays or limitations?
A: The transport CPI data for Austria is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Austria (AUTCPHP0700GPM), retrieved from FRED.