Harmonized Index of Consumer Prices: Purchase of Vehicles for Austria
CP0710ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.12
Year-over-Year Change
2.33%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles measures changes in the prices paid by Austrian consumers for the purchase of vehicles. This metric is a key indicator of inflation and consumer spending trends.
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 inflation across the European Union, providing a consistent way to track price changes for a basket of consumer goods and services. The Purchase of Vehicles component specifically monitors the costs associated with buying cars, motorcycles, and other vehicles in Austria.
Methodology
The data is collected through surveys of consumer prices by Statistik Austria, the national statistical office.
Historical Context
The HICP is closely watched by the European Central Bank and used to inform monetary policy decisions.
Key Facts
- The HICP has been the EU's primary inflation measure since 1997.
- Vehicles account for around 13% of the total HICP basket in Austria.
- Austria's vehicle purchase prices have risen by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles measures changes in the prices paid by Austrian consumers for buying cars, motorcycles, and other vehicles.
Q: Why is this trend relevant for users or analysts?
A: The HICP Purchase of Vehicles metric is a key indicator of inflation and consumer spending trends in Austria, providing insights into a major component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Statistik Austria, the national statistical office.
Q: How is this trend used in economic policy?
A: The HICP is closely watched by the European Central Bank and used to inform monetary policy decisions aimed at maintaining price stability across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Austria (CP0710ATM086NEST), retrieved from FRED.