Harmonized Index of Consumer Prices: Household Textiles for Austria
CP0520ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.62
Year-over-Year Change
2.27%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Household Textiles measures changes in the prices paid by Austrian consumers for textile products used in the home. This metric is a key indicator of inflation and consumer spending patterns.
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 HICP for Household Textiles in Austria tracks the prices of various textile goods, including bedding, curtains, and other household fabrics. It is an important component of the overall HICP, which is used by policymakers to monitor price stability and make informed decisions.
Methodology
The data is collected through a nationwide survey of retail establishments by Statistik Austria, the national statistical agency.
Historical Context
The HICP for Household Textiles is used by the European Central Bank and other institutions to assess inflationary pressures and consumer behavior.
Key Facts
- The base year for the HICP is 2015.
- Household Textiles account for approximately 3% of the overall HICP basket in Austria.
- The HICP for Household Textiles has shown modest growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Household Textiles measures changes in the prices paid by Austrian consumers for textile products used in the home, such as bedding, curtains, and other household fabrics.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Household Textiles is an important indicator of inflation and consumer spending patterns in Austria, which is used by policymakers and analysts to assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail establishments by Statistik Austria, the national statistical agency.
Q: How is this trend used in economic policy?
A: The HICP for Household Textiles is used by the European Central Bank and other institutions to monitor inflationary pressures and consumer behavior, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Household Textiles is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Textiles for Austria (CP0520ATM086NEST), retrieved from FRED.