Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Austria
AUTCPHP1100IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.19
Year-over-Year Change
9.76%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Austria measures the changes in prices for dining, lodging, and related services in Austria.
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 costs for restaurants, cafes, hotels, and other accommodation services in Austria. It is a key metric for assessing consumer inflation in the hospitality sector and helps inform monetary policy decisions.
Methodology
The data is collected through surveys of businesses and consumers by Statistics Austria.
Historical Context
Policymakers and analysts use this index to understand inflationary pressures in the Austrian economy.
Key Facts
- The index has a base year of 2015.
- Prices are harmonized across the Eurozone.
- Austria's hospitality sector makes up over 3% of GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for restaurants, cafes, hotels, and other hospitality services in Austria.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer inflation in Austria's hospitality sector, which is a key driver of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by Statistics Austria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with minimal delays, providing timely insights into Austria's hospitality sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Austria (AUTCPHP1100IXEBM), retrieved from FRED.