Consumer Price Index: Communication (COICOP 08): Total for Austria
AUTCP080000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.74
Year-over-Year Change
177.68%
Date Range
2/1/1997 - 11/1/2023
Summary
The Consumer Price Index: Communication (COICOP 08): Total for Austria measures changes in the prices of communication goods and services in Austria. This metric is a key indicator of inflationary pressures and consumer spending patterns in the telecommunications 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 tracks price fluctuations across a basket of communication-related products and services, including telephone and internet access, postal services, and equipment. It is an important data point for economists and policymakers analyzing consumer behavior and the overall cost of living in the country.
Methodology
The data is collected through consumer surveys and vendor price reports by Statistics Austria.
Historical Context
The Communication CPI is used by the Austrian government and central bank to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for the Austrian Communication CPI is 2015.
- Communication accounts for around 3.5% of the total Austrian consumer price index basket.
- Prices for communication goods and services in Austria have risen by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Communication (COICOP 08): Total for Austria measures changes in the prices of communication goods and services purchased by Austrian consumers.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and consumer spending patterns in the telecommunications sector, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and vendor price reports by Statistics Austria.
Q: How is this trend used in economic policy?
A: The Austrian government and central bank use the Communication CPI to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Communication CPI for Austria is published monthly with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Austria (AUTCP080000GPM), retrieved from FRED.