Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Austria
AUTCP080000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.09
Year-over-Year Change
52.46%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Austria measures the changes in prices for communication-related goods and services, such as telephone, internet, and postal services. This data point is a key indicator of inflationary pressures and consumer spending in the communication sector.
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 Communication CPI for Austria is a subindex of the overall Consumer Price Index, which tracks the weighted average changes in prices paid by consumers for a basket of goods and services. The Communication CPI specifically focuses on the communication-related components, providing insight into price dynamics in this important economic sector.
Methodology
The data is collected through a nationwide survey of prices for a representative basket of communication goods and services.
Historical Context
Policymakers and analysts use this data to assess inflationary trends and consumer behavior within the communication industry.
Key Facts
- Communication accounts for approximately 3.5% of the total Austrian CPI basket.
- The Communication CPI has risen by an average of 1.2% annually over the past 5 years.
- Telephone services make up the largest component of the Communication CPI at around 60%.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Austria measures the changes in prices for a basket of communication-related goods and services, including telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into inflationary pressures and consumer spending patterns within the communication sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices for a representative basket of communication goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess inflationary trends and consumer behavior within the communication industry, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The Communication CPI for Austria is updated monthly, with a typical 1-2 month delay in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Austria (AUTCP080000CTGYM), retrieved from FRED.