Consumer Price Index: All Items: Total for Austria
CPALTT01ATQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
52.98%
Date Range
4/1/1958 - 10/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Austria measures the average change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and price stability 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 CPI for All Items in Austria is a comprehensive measure of the average change in prices paid by Austrian consumers. It tracks price changes for a wide range of consumer goods and services, providing crucial insights into the overall cost of living and purchasing power within the country.
Methodology
The Austrian CPI is calculated based on monthly price surveys of a representative sample of goods and services purchased by households.
Historical Context
The CPI is closely monitored by the European Central Bank and Austrian policymakers to inform monetary and fiscal policies.
Key Facts
- The Austrian CPI covers over 700 different goods and services.
- Austria's CPI is published monthly by Statistics Austria.
- The CPI is a widely used benchmark for adjusting wages and social benefits.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in Austria measures the average change in prices paid by consumers for a basket of common goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation and cost of living, providing insights into the purchasing power of Austrian consumers and informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The Austrian CPI is calculated based on monthly price surveys of a representative sample of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the European Central Bank and Austrian policymakers to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Austrian CPI is published monthly with a relatively short lag, providing timely insights into inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Austria (CPALTT01ATQ657N), retrieved from FRED.