Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Austria
SRVRPPATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.01
Year-over-Year Change
5.67%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Services Related to Package Holidays and Accommodation for Austria measures changes in prices for vacation and accommodation services in Austria. It is a key indicator of consumer price inflation within 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 HICP: Services Related to Package Holidays and Accommodation for Austria tracks the costs of tourism-related services, including package vacations, hotels, and other accommodation. This metric is used by economists and policymakers to assess price pressures and cost-of-living changes in the Austrian consumer market.
Methodology
The data is collected through surveys of service providers and consumers by Statistik Austria, the national statistics agency.
Historical Context
The HICP is a crucial economic indicator for the European Central Bank and other institutions monitoring Eurozone inflation.
Key Facts
- Austria is a major European tourism destination.
- The HICP measures changes in consumer prices across a range of goods and services.
- Policymakers use the HICP to monitor inflation and adjust monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Services Related to Package Holidays and Accommodation for Austria tracks changes in prices for tourism-related services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer price inflation and cost-of-living pressures, particularly for the Austrian tourism industry and related sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service providers and consumers by Statistik Austria, the national statistics agency.
Q: How is this trend used in economic policy?
A: The HICP is a crucial economic indicator for the European Central Bank and other institutions monitoring Eurozone inflation and adjusting monetary policy accordingly.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in capturing all tourism-related price changes, as with any consumer price index.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Austria (SRVRPPATM086NEST), retrieved from FRED.