Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Austria
AUTCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-82.00%
Date Range
1/1/1998 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Austria measures changes in the cost of consumer goods and services related to clothing and footwear. This metric is a key indicator of inflationary pressures and consumer spending trends.
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 Clothing and Footwear CPI is a component of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. The Clothing and Footwear CPI specifically measures price fluctuations in this category, providing insight into consumer demand and purchasing power.
Methodology
The data is collected through surveys of retail establishments and households by the Austrian statistical agency.
Historical Context
Policymakers and economists closely monitor the CPI to gauge overall inflation and consumer behavior, which informs monetary and fiscal policies.
Key Facts
- Austria's Clothing and Footwear CPI has a base year of 1999.
- The CPI is published monthly by the Austrian statistical agency.
- Clothing and Footwear account for around 5% of the total Austrian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI for Austria measures changes in the prices of consumer goods and services related to clothing and footwear purchases.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and consumer spending patterns, which are crucial for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the CPI, including the Clothing and Footwear component, to inform monetary and fiscal policies aimed at managing inflation and promoting economic stability.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI for Austria is published monthly, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Austria (AUTCP030000GYM), retrieved from FRED.