Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria
AUTCPHP1100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.21
Year-over-Year Change
5.42%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Austria measures changes in the prices paid by consumers for a basket of goods and services related to dining out and accommodations.
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 Restaurants and Hotels CPI is a subcomponent of the broader Consumer Price Index, which is a key indicator of inflation and consumer purchasing power. This metric is used by policymakers, economists, and market analysts to understand price trends in the domestic hospitality industry.
Methodology
The Austrian CPI is calculated based on a monthly survey of prices for a representative basket of consumer goods and services.
Historical Context
The Restaurants and Hotels CPI is an important input for monetary and fiscal policy decisions in Austria.
Key Facts
- Austria's Restaurants and Hotels CPI reached a record high in 2022.
- The CPI for this sector has risen faster than overall inflation in recent years.
- Domestic tourism is a major contributor to Austria's economy.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI for Austria measures changes in the prices consumers pay for dining out and accommodation services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of inflation and consumer spending in Austria's hospitality industry, which is a key sector of the economy.
Q: How is this data collected or calculated?
A: The Austrian CPI is calculated based on a monthly survey of prices for a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is an input for monetary and fiscal policy decisions in Austria, as it reflects consumer price pressures in a major economic sector.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria (AUTCPHP1100IXOBM), retrieved from FRED.