Inflation, consumer prices for Austria
FPCPITOTLZGAUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.94
Year-over-Year Change
18.19%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Inflation, consumer prices for Austria' trend measures changes in the overall price level of consumer goods and services in Austria. This metric is critical for policymakers and economists to understand the country's economic health and inflationary pressures.
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 'Inflation, consumer prices for Austria' trend tracks the percentage change in the cost of a fixed basket of consumer goods and services over time. This is a key indicator of the purchasing power of the Austrian currency and helps assess the overall cost-of-living environment.
Methodology
The data is collected through surveys of retail establishments and households by Statistics Austria.
Historical Context
Inflation data is used by the European Central Bank and Austrian government to guide monetary and fiscal policies.
Key Facts
- Austria's inflation rate averaged 3.8% from 2010-2020.
- The highest inflation rate in Austria was 6.3% in 1981.
- Austria's inflation has remained below the Eurozone average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for Austria' trend measures changes in the overall price level of consumer goods and services purchased by Austrian households.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is crucial for understanding Austria's economic conditions and guiding policymakers' decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by Statistics Austria.
Q: How is this trend used in economic policy?
A: Inflation data for Austria is used by the European Central Bank and the Austrian government to set appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The inflation data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Austria (FPCPITOTLZGAUT), retrieved from FRED.