Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Austria
AUTCPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.87
Year-over-Year Change
39.98%
Date Range
1/1/1958 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Austria measures changes in the prices of consumer goods and services. It is a key indicator of inflation and an important metric for policymakers and economists assessing the country's economic health.
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 Austrian CPI, part of the Harmonized Index of Consumer Prices (HICP) framework, tracks a comprehensive basket of consumer expenditures to monitor price fluctuations. It is used to analyze cost-of-living changes and guide monetary and fiscal policies.
Methodology
The Austrian CPI is calculated monthly by Statistik Austria based on a survey of consumer purchases.
Historical Context
The CPI is closely watched by the European Central Bank and other institutions to inform decisions on interest rates and other economic interventions.
Key Facts
- Austria's CPI is part of the Harmonized Index of Consumer Prices (HICP) framework.
- The CPI basket includes over 700 representative goods and services.
- The Austrian CPI is published monthly by Statistik Austria.
FAQs
Q: What does this economic trend measure?
A: The Austrian Consumer Price Index (CPI) measures changes in the prices of consumer goods and services purchased by households in Austria.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and a critical metric for policymakers, economists, and consumers to assess the country's economic conditions and cost of living.
Q: How is this data collected or calculated?
A: The Austrian CPI is calculated monthly by Statistik Austria based on a survey of consumer purchases.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the European Central Bank and other institutions to inform decisions on interest rates and other economic interventions.
Q: Are there update delays or limitations?
A: The Austrian CPI is published monthly with a short delay, providing timely data on price changes.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Austria (AUTCPIALLAINMEI), retrieved from FRED.