Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria
AUTCP100000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-25.42%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Austria measures changes in the prices of educational goods and services. This key economic indicator is crucial for understanding inflation and the cost of living for households.
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 CPI for Education in Austria tracks price changes for items such as tuition fees, textbooks, and other education-related expenses. It is an important component of the broader Consumer Price Index, which is used to measure overall inflation and guide monetary policy decisions.
Methodology
The data is collected through a nationwide survey of educational institutions and households.
Historical Context
Policymakers and economists closely monitor the CPI for Education to assess the affordability of education and its impact on household budgets.
Key Facts
- The CPI for Education in Austria has a base year of 1999.
- Education accounts for approximately 3% of the total Austrian CPI basket.
- Prices for education have risen by 30% in Austria since the base year.
FAQs
Q: What does this economic trend measure?
A: The CPI for Education in Austria measures changes in the prices of educational goods and services, including tuition fees, textbooks, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the cost of living and the affordability of education in Austria, which is an important factor for households, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of educational institutions and households.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the CPI for Education to assess the affordability of education and its impact on household budgets, which can inform decisions on education funding and other policies.
Q: Are there update delays or limitations?
A: The CPI for Education in Austria is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria (AUTCP100000CTGYM), retrieved from FRED.