Consumer Price Index: Harmonized Prices: All Items: Total for Austria
CPHPTT01ATA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
405.88%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Austria measures the overall price level of consumer goods and services in Austria, a key economic indicator for assessing inflation and consumer 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
This index tracks the change in prices for a basket of consumer goods and services that are representative of typical Austrian household expenditures. It is used by policymakers, economists, and analysts to monitor and forecast price trends in the Austrian economy.
Methodology
The data is collected by Statistics Austria through surveys of retail establishments and households.
Historical Context
The Austrian CPI is an important input for the European Central Bank's monetary policy decisions.
Key Facts
- Austria's CPI reached a record high of 10.6% in September 2022.
- The CPI basket includes over 700 goods and services tracked monthly.
- CPI data is used to adjust social benefits, wages, and other payments for inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Austria measures the overall price level of consumer goods and services purchased by households in Austria.
Q: Why is this trend relevant for users or analysts?
A: The Austrian CPI is a key indicator of inflation that is closely monitored by policymakers, economists, and consumers to assess changes in purchasing power and the cost of living.
Q: How is this data collected or calculated?
A: The data is collected monthly by Statistics Austria through surveys of retail establishments and households.
Q: How is this trend used in economic policy?
A: The Austrian CPI is an important input for the European Central Bank's monetary policy decisions, as it helps assess inflationary pressures in the Eurozone economy.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Austria (CPHPTT01ATA657N), retrieved from FRED.