Harmonized Index of Consumer Prices: Telephone and Telefax Services for Austria
CP0830ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.70
Year-over-Year Change
-7.61%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services in Austria tracks changes in the prices paid by consumers for telecommunication services. This metric is a key indicator of inflation and consumer spending trends in the Austrian economy.
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 Telephone and Telefax Services component specifically monitors price changes for landline, mobile, and internet-based communication services, providing insight into the cost of living and household expenditures.
Methodology
Data is collected through surveys of consumer prices and then aggregated by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP component to assess inflationary pressures and consumer behavior in the telecommunications sector.
Key Facts
- Austria's Telephone and Telefax Services HICP has a base year of 2015.
- This index is published monthly by Eurostat.
- Telecommunications services account for around 3% of the Austrian consumer price basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Services in Austria tracks changes in the prices paid by consumers for telecommunication services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and consumer spending patterns in the Austrian telecommunications sector, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and then aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess inflationary trends and consumer behavior in the telecommunications industry, which informs economic policies and market decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Services for Austria (CP0830ATM086NEST), retrieved from FRED.