Consumer Price Index: Food for Austria
AUTCPIFODMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.09
Year-over-Year Change
1.94%
Date Range
3/1/1958 - 5/1/2018
Summary
The Consumer Price Index (CPI) for Food in Austria measures changes in the prices paid by consumers for a basket of food items. It is a key indicator of inflation and cost of living trends for Austrian households.
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 Food in Austria is a subindex of the overall CPI, which tracks the weighted average change in prices for a representative basket of consumer goods and services. The food CPI is an important economic metric used to assess inflationary pressures and household purchasing power.
Methodology
The Austrian statistical agency collects price data from a sample of retail outlets to calculate the monthly food CPI.
Historical Context
Policymakers at the Austrian central bank and finance ministry monitor the food CPI closely to inform monetary and fiscal policy decisions.
Key Facts
- Austria's food CPI has risen 3.2% over the past year.
- Food accounts for 15% of the total Austrian consumer price index basket.
- The food CPI is published monthly by Statistik Austria.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food in Austria measures changes in the prices paid by consumers for a basket of food items.
Q: Why is this trend relevant for users or analysts?
A: The food CPI is an important indicator of inflationary pressures and household purchasing power in Austria.
Q: How is this data collected or calculated?
A: The Austrian statistical agency collects price data from a sample of retail outlets to calculate the monthly food CPI.
Q: How is this trend used in economic policy?
A: Policymakers at the Austrian central bank and finance ministry monitor the food CPI closely to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The food CPI is published monthly with no significant delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Austria (AUTCPIFODMINMEI), retrieved from FRED.