Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Austria
CPGREN01ATQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
266.47%
Date Range
4/1/1966 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Energy in Austria measures the changes in prices for fuel, electricity, and gasoline. It is a key indicator of inflationary pressures and household purchasing power.
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 Energy CPI for Austria is part of the OECD's harmonized system of consumer price indexes. It tracks the prices of a basket of energy-related goods and services that are representative of Austrian household expenditures.
Methodology
The data is collected through a survey of retail outlets and service providers across Austria.
Historical Context
The Energy CPI is closely watched by policymakers and economists to assess the impact of energy costs on inflation and consumer spending.
Key Facts
- Energy accounts for approximately 10% of the total Austrian CPI basket.
- Energy prices rose by 15% in Austria over the past year.
- The Energy CPI is a component of the overall Austrian Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Energy in Austria measures the changes in prices for fuel, electricity, and gasoline.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI is a key indicator of inflationary pressures and household purchasing power in Austria.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail outlets and service providers across Austria.
Q: How is this trend used in economic policy?
A: The Energy CPI is closely watched by policymakers and economists to assess the impact of energy costs on inflation and consumer spending.
Q: Are there update delays or limitations?
A: The Energy CPI data is published monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Austria (CPGREN01ATQ657N), retrieved from FRED.