Harmonized Index of Consumer Prices: Catering Services for Austria
CP1110ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.61
Year-over-Year Change
5.54%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Catering Services in Austria measures the changes in prices for restaurant, café, and other catering services. It is a key indicator of inflationary pressures and consumer spending 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 for Catering Services is a subcomponent of the broader HICP, which is the standard measure of consumer price inflation in the Eurozone. The Catering Services index tracks price changes for a basket of food, beverage, and accommodation services consumed by Austrian households.
Methodology
The data is collected through surveys of businesses and service providers and aggregated by Eurostat.
Historical Context
Policymakers and economists use the HICP Catering Services index to assess trends in consumer demand and inflationary expectations.
Key Facts
- Austria's HICP for Catering Services has a base year of 2015.
- Catering Services account for over 7% of the total Austrian HICP basket.
- Prices for catering services are a leading indicator of broader service sector inflation.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Catering Services in Austria measures changes in the prices paid by consumers for restaurant, café, and other food service establishments.
Q: Why is this trend relevant for users or analysts?
A: The HICP Catering Services index is an important indicator of inflationary pressures and consumer demand in the Austrian economy, providing insights into spending patterns and service sector dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and service providers and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the HICP Catering Services index to assess trends in consumer demand, inflationary expectations, and the overall health of the Austrian service sector.
Q: Are there update delays or limitations?
A: The HICP Catering Services data is published monthly by Eurostat, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Catering Services for Austria (CP1110ATM086NEST), retrieved from FRED.