Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Austria
CP0550ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.44
Year-over-Year Change
-2.70%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Tools and Equipment for House and Garden for Austria measures the changes in the prices of these household items over time. This metric is a key economic indicator used by policymakers to track 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 is a standardized measure of consumer price inflation across European Union countries. The Tools and Equipment for House and Garden index specifically tracks the price changes of items like lawn mowers, power tools, and other home and garden equipment in Austria.
Methodology
The data is collected through regular surveys of consumer prices by Austria's national statistical agency.
Historical Context
Policymakers and analysts use this HICP index to understand household spending and inflationary trends in the Austrian market.
Key Facts
- The HICP is a harmonized, EU-wide measure of consumer price inflation.
- The Tools and Equipment for House and Garden index tracks prices of household goods in Austria.
- This metric is used by policymakers to monitor consumer spending and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Tools and Equipment for House and Garden for Austria measures changes in the prices of household items like lawn mowers, power tools, and other home and garden equipment over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP index is a key economic indicator used by policymakers and analysts to track inflation and consumer spending patterns in the Austrian market.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Austria's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP index to understand household spending and inflationary trends in the Austrian economy, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is updated on a regular monthly schedule, with a typical 1-2 month delay before publication.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Austria (CP0550ATM086NEST), retrieved from FRED.