Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Austria
00XFROATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.71
Year-over-Year Change
1.65%
Date Range
1/1/1996 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-of-Pocket Purchases for Austria measures the cost of a representative basket of goods and services, excluding items with volatile prices that consumers purchase frequently.
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 Excluding Frequent Out-of-Pocket Purchases is a key economic indicator used to assess inflation trends in Austria. It provides a more stable measure of consumer price changes by removing items with high price volatility, offering insights into underlying inflationary pressures.
Methodology
The data is collected through a nationwide survey of consumer purchases and calculated according to Eurostat's harmonized methodologies.
Historical Context
This index is widely monitored by the European Central Bank and other policymakers to inform monetary policy decisions.
Key Facts
- The HICP Excluding Frequent Out-of-Pocket Purchases for Austria has a base year of 2015.
- This index excludes items like fuel, electricity, and fresh food that experience high price volatility.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-of-Pocket Purchases for Austria measures the cost of a representative basket of goods and services, excluding items with volatile prices that consumers purchase frequently.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable measure of underlying inflationary pressures in Austria, which is useful for policymakers and analysts monitoring the country's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer purchases and calculated according to Eurostat's harmonized methodologies.
Q: How is this trend used in economic policy?
A: The HICP Excluding Frequent Out-of-Pocket Purchases for Austria is widely monitored by the European Central Bank and other policymakers to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Austria (00XFROATM086NEST), retrieved from FRED.