Consumer Price Index: Harmonized Prices: All Items: Total for Austria
CPHPTT01ATM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Austria measures the changes in the general price level of consumer goods and services purchased by Austrian households. This key economic indicator is closely monitored by policymakers and analysts.
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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking the average change in prices paid by consumers for a basket of goods and services. The harmonized CPI for Austria provides a standardized, internationally comparable measure of consumer price trends.
Methodology
The Austrian CPI is calculated monthly based on a survey of retail prices across the country.
Historical Context
The CPI is a critical input for monetary and fiscal policy decisions in Austria and the broader Eurozone.
Key Facts
- Austria's CPI is harmonized with other Eurozone countries.
- The CPI basket is updated regularly to reflect changing consumer spending patterns.
- Headline CPI is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Austria measures the average change in prices paid by Austrian consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Austrian CPI is a critical indicator of inflation, providing insights into the overall cost of living and the purchasing power of the Austrian currency. It is closely watched by policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Austrian CPI is calculated monthly by the country's statistical agency based on a survey of retail prices across the nation.
Q: How is this trend used in economic policy?
A: The CPI is a key input for monetary policy decisions by the European Central Bank, as well as fiscal policy choices made by the Austrian government.
Q: Are there update delays or limitations?
A: The Austrian CPI data is published monthly with a short delay, providing timely information on consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Austria (CPHPTT01ATM657N), retrieved from FRED.