Harmonized Index of Consumer Prices: Industrial Goods for Austria
IGOODSATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.63
Year-over-Year Change
1.52%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Industrial Goods for Austria tracks changes in the prices of manufactured products in the Austrian economy. This key inflation indicator is widely used by policymakers and economists to assess economic conditions.
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 HICP: Industrial Goods for Austria is a subcomponent of the broader HICP, which measures the weighted average change in prices of a fixed basket of consumer goods and services. The industrial goods index specifically focuses on price changes for manufactured products, providing insight into a critical sector of the Austrian economy.
Methodology
The data is collected and calculated by Eurostat based on surveys of retail prices.
Historical Context
The HICP: Industrial Goods for Austria is an important input for the European Central Bank's monetary policy decisions.
Key Facts
- Austria is the 10th largest economy in the Eurozone.
- Industrial goods account for over a third of Austria's consumer price index.
- The HICP: Industrial Goods index has a base year of 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Industrial Goods for Austria measures changes in the prices of manufactured products purchased by consumers in Austria.
Q: Why is this trend relevant for users or analysts?
A: This index provides critical insight into inflationary pressures in the Austrian industrial sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by Eurostat through retail price surveys and calculated as a subcomponent of the overall Harmonized Index of Consumer Prices.
Q: How is this trend used in economic policy?
A: The HICP: Industrial Goods for Austria is used by the European Central Bank to inform monetary policy decisions affecting the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Industrial Goods for Austria (IGOODSATM086NEST), retrieved from FRED.