Harmonized Index of Consumer Prices: Services Related to Communication for Austria
SERVCOATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.64
Year-over-Year Change
-6.95%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services Related to Communication in Austria measures the price changes over time for a basket of communication services. This metric is a key indicator of inflation and cost of living for Austrian consumers.
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 Services Related to Communication index tracks the prices of various communication services in Austria, such as telephone and internet access. It is a subcomponent of the overall HICP, providing more granular data on the communication sector's contribution to consumer price inflation.
Methodology
The data is collected through a survey of service providers and weighted based on household expenditures.
Historical Context
Policymakers use this index to assess inflationary pressures and make informed monetary policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Communication services account for approximately 3.5% of the Austrian consumer price basket.
- Prices for communication services have risen by 10% in Austria since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services Related to Communication in Austria measures the price changes over time for a basket of communication services, such as telephone and internet access.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures in the communication services sector, which is a key component of the overall cost of living for Austrian consumers.
Q: How is this data collected or calculated?
A: The data is collected through a survey of service providers and weighted based on household expenditures on communication services.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess inflationary pressures in the communication services sector and make informed monetary policy decisions to maintain price stability.
Q: Are there update delays or limitations?
A: The HICP Services Related to Communication index for Austria is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Communication for Austria (SERVCOATM086NEST), retrieved from FRED.