Consumer Price Index: Services Less Housing National Definition for Austria
CPSELR02ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.49
Year-over-Year Change
6.05%
Date Range
1/1/1966 - 1/1/2018
Summary
The Consumer Price Index: Services Less Housing National Definition for Austria measures the inflation rate for services in Austria, excluding housing costs. This metric is a key indicator of overall price changes 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 Consumer Price Index: Services Less Housing National Definition for Austria is a subindex of the broader Consumer Price Index that tracks price changes for a basket of non-housing services in the country. It provides insights into inflationary pressures in the service sector, which is an important part of the Austrian economy.
Methodology
The data is collected through surveys of consumer prices by Statistics Austria.
Historical Context
This index is closely monitored by the Austrian National Bank and other policymakers to assess economic conditions and inform monetary policy decisions.
Key Facts
- Austria's service sector accounts for over 60% of GDP.
- The CPI: Services Less Housing reached a record high in 2022.
- Monitoring this index helps policymakers assess price pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Services Less Housing National Definition for Austria measures inflation in the Austrian service sector, excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures in Austria's service-oriented economy, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by Statistics Austria.
Q: How is this trend used in economic policy?
A: The Austrian National Bank and other policymakers closely monitor this index to assess economic conditions and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely information on service sector inflation in Austria.
Related Trends
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Austria
DDAI07ATA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Austria
AUTCP090000IXOBM
Bank Credit to Bank Deposits for Austria
DDSI04ATA156NWDB
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Austria
LCEAMN01ATQ661N
Number of Identified Exporters to Austria from Louisiana
LAAUTA475SCEN
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 74 Years for Austria
LFIN74MAATA647N
Citation
U.S. Federal Reserve, Consumer Price Index: Services Less Housing National Definition for Austria (CPSELR02ATQ661N), retrieved from FRED.