Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Austria
AUTCP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-195.22%
Date Range
2/1/1997 - 11/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) measures changes in the prices of housing-related goods and services in Austria. This key economic indicator provides insights into inflation and consumer spending dynamics.
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 COICOP 04 index tracks the prices of essential household costs like rent, utilities, and energy. It is a component of the broader Consumer Price Index (CPI), which is a widely-used measure of inflation. Economists and policymakers monitor this data to assess cost-of-living pressures and make informed decisions.
Methodology
The Austrian statistical agency collects price data from a representative sample of households and businesses to calculate the COICOP 04 index.
Historical Context
Central banks and fiscal authorities use this index to guide monetary and economic policies that impact consumer welfare and business activity.
Key Facts
- The COICOP 04 index has a base year of 2015.
- Housing costs make up the largest component of the overall CPI in Austria.
- Energy prices are a key driver of changes in the COICOP 04 index.
FAQs
Q: What does this economic trend measure?
A: The COICOP 04 index measures changes in the prices of housing, water, electricity, gas, and other household fuels in Austria.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the cost-of-living and inflationary pressures facing Austrian consumers, which is crucial information for economic policymakers and businesses.
Q: How is this data collected or calculated?
A: The Austrian statistical agency collects price data from a representative sample of households and businesses to calculate the COICOP 04 index.
Q: How is this trend used in economic policy?
A: Central banks and fiscal authorities use this index to guide monetary and economic policies that impact consumer welfare and business activity.
Q: Are there update delays or limitations?
A: The COICOP 04 index is published on a monthly basis, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Austria (AUTCP040000GPM), retrieved from FRED.