Harmonized Index of Consumer Prices: Package Holidays for Austria
CP0960ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.74
Year-over-Year Change
6.76%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Package Holidays in Austria measures price changes in vacation packages, a key component of consumer spending.
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 tracks the prices paid by households for a basket of consumer goods and services. The Package Holidays sub-index focuses specifically on the cost of package travel, accommodation, and related services, providing insights into a major area of consumer expenditure.
Methodology
The data is collected through surveys of consumers and businesses by Eurostat.
Historical Context
This metric is used by policymakers and analysts to gauge inflationary pressures and consumer trends.
Key Facts
- The HICP is harmonized across EU countries.
- Package Holidays account for a significant share of household spending.
- Tracking this sub-index provides insights into a key component of the consumer price basket.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices paid by consumers for package holidays, including travel, accommodation, and related services, in Austria.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer spending patterns and inflationary pressures, as package holidays represent a significant portion of household expenditures.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge inflationary pressures and consumer behavior, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for Austria (CP0960ATM086NEST), retrieved from FRED.