Harmonized Index of Consumer Prices: Motor Cars for Austria
CP0711ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.13
Year-over-Year Change
4.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cars measures changes in the prices paid by Austrian consumers for new and used automobiles. This data provides crucial insights into consumer spending and automotive market 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 comprehensive measure of inflation used across the European Union. The Motor Cars index specifically tracks prices for a basket of private transportation goods, reflecting a major household expense and economic indicator.
Methodology
This index is calculated by the Austrian statistics agency based on a survey of prices from a representative sample of retailers.
Historical Context
The HICP for Motor Cars is a key input for policymakers and analysts monitoring Austria's economic conditions and consumer behavior.
Key Facts
- Austria's HICP for Motor Cars has a base year of 2015.
- Prices are collected from a sample of over 1,000 retailers nationwide.
- This index accounts for roughly 4% of Austria's overall consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Motor Cars tracks the prices paid by Austrian consumers for new and used automobiles.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Motor Cars provides crucial insights into consumer spending patterns and automotive market conditions in Austria, which are important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the Austrian statistics agency based on a survey of prices from a representative sample of retailers across the country.
Q: How is this trend used in economic policy?
A: The HICP for Motor Cars is a key input for policymakers and analysts monitoring Austria's economic conditions and consumer behavior, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP for Motor Cars is published monthly with a typical 1-2 month delay, providing timely but not real-time data on this important economic indicator.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cars for Austria (CP0711ATM086NEST), retrieved from FRED.