Price Level of Consumption for Austria
PLOCONATA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.37
Year-over-Year Change
11.29%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Austria is a key economic indicator that measures the average price change for consumer goods and services in the country. It is a crucial metric for analyzing 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
The Price Level of Consumption for Austria is an index that tracks the average change in prices for a basket of consumer goods and services over time. It is used by economists, policymakers, and analysts to assess the overall cost of living and inflationary pressures within the Austrian economy.
Methodology
The data is calculated by the Austrian statistical agency based on a survey of consumer expenditures and prices.
Historical Context
This trend is closely monitored by the Austrian central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the Price Level of Consumption index is 2015.
- Austria's Price Level of Consumption has risen by 8.5% over the past 5 years.
- Consumer prices in Austria are among the highest in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Austria measures the average change in prices for a basket of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflationary pressures and the overall cost of living in Austria, making it crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Austrian statistical agency based on a survey of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Austria is closely monitored by the Austrian central bank and government to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Austria (PLOCONATA622NUPN), retrieved from FRED.