Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Austria
CP1111ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.82
Year-over-Year Change
5.48%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Restaurants, Cafes and the Like in Austria measures changes in the prices paid by consumers for dining out and related services. This metric is a key indicator of inflationary pressures 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 Restaurants, Cafes and the Like tracks the prices of food and beverages consumed away from home. It is a subcomponent of the broader HICP, which is the primary gauge of inflation used by the European Central Bank to guide monetary policy decisions.
Methodology
The data is collected through consumer surveys and other sources by Statistik Austria, the national statistical agency.
Historical Context
Policymakers and analysts monitor this HICP component to assess price dynamics in the hospitality sector and its impact on overall consumer spending.
Key Facts
- HICP is the standard inflation measure for the Eurozone.
- Dining out accounts for a significant share of household budgets.
- Austria's HICP for Restaurants reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Restaurants, Cafes and the Like in Austria tracks changes in the prices paid by consumers for dining out and related services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures in the Austrian economy, as dining out represents a significant portion of household budgets. Policymakers and analysts monitor this HICP component to assess price dynamics in the hospitality sector.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and other sources by Statistik Austria, the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess price dynamics in the hospitality sector and its impact on overall consumer spending, which informs monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Austria (CP1111ATM086NEST), retrieved from FRED.