Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria
AUTCPHP1100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
-28.95%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Austria tracks changes in the cost of dining, lodging, and related services. This measure is a key indicator of inflation and consumer spending in the hospitality 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 Restaurants and Hotels in Austria is a subindex of the broader Harmonized Index of Consumer Prices (HICP). It measures the price changes experienced by households for a basket of food service and accommodation services. Economists and policymakers use this data to assess inflationary pressures and consumer demand.
Methodology
The Austrian statistical agency collects price data from a sample of establishments and applies weighting factors to calculate the monthly index.
Historical Context
The CPI for Restaurants and Hotels is used to inform monetary policy decisions and analyze consumer spending patterns.
Key Facts
- Austria's Restaurants and Hotels CPI has a base year of 1999.
- The index covers a range of food service and accommodation expenses.
- The CPI is a key input for the European Central Bank's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Austria tracks changes in the costs of dining, lodging, and related services for consumers.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is an important indicator of inflationary pressures and consumer spending patterns in Austria's hospitality sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The Austrian statistical agency collects price data from a sample of establishments and applies weighting factors to calculate the monthly index.
Q: How is this trend used in economic policy?
A: The CPI for Restaurants and Hotels is used by the European Central Bank and other institutions to inform monetary policy decisions and analyze consumer spending behavior.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag, and may be subject to revisions based on updated source data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria (AUTCPHP1100GYM), retrieved from FRED.