National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Austria
AUTNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.45
Year-over-Year Change
19.08%
Date Range
1/1/1988 - 7/1/2023
Summary
The Private Consumption Expenditure Deflator for Austria measures the rate of change in prices for goods and services purchased by households. It is a key indicator of inflation and consumer purchasing power.
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 Private Consumption Expenditure Deflator tracks changes in the prices of all final goods and services purchased by Austrian households. It is used to adjust national accounts data for the effects of inflation, enabling analysis of real economic growth.
Methodology
The data is calculated by the Austrian Federal Statistical Office based on a comprehensive survey of household expenditures.
Historical Context
This deflator provides important context for policymakers assessing the state of the Austrian economy and consumer price pressures.
Key Facts
- The base year for the deflator is 2015.
- Austria's PCE deflator reached a high of 2.8% in 2022.
- The deflator has averaged 1.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Private Consumption Expenditure Deflator measures changes in the prices of all goods and services purchased by Austrian households.
Q: Why is this trend relevant for users or analysts?
A: The deflator is a key indicator of consumer inflation and purchasing power, providing important context for analyzing the state of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Austrian Federal Statistical Office based on a comprehensive survey of household expenditures.
Q: How is this trend used in economic policy?
A: Policymakers use the deflator to assess inflationary pressures and make decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The deflator data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Austria (AUTNAGICE01IXOBSAQ), retrieved from FRED.