Consumer Price Index: Education (COICOP 10): Total for Austria
AUTCP100000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
41.14%
Date Range
2/1/1997 - 11/1/2023
Summary
The Consumer Price Index: Education (COICOP 10): Total for Austria measures changes in the prices of educational goods and services in Austria. This key metric provides insights into inflationary pressures and household spending within the education 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 Consumer Price Index: Education (COICOP 10): Total for Austria is a component of the overall Consumer Price Index (CPI) that tracks price changes for a basket of educational products and services. It is used by policymakers, economists, and consumers to understand cost-of-living trends and the broader inflationary environment in Austria's education system.
Methodology
The data is collected through surveys of households and businesses by the Austrian statistical agency.
Historical Context
The education CPI is monitored closely by the Austrian government and central bank to assess the impact of economic conditions and policy on educational affordability.
Key Facts
- Austria's education CPI has risen 2.5% annually on average over the past decade.
- Textbook and tuition costs make up over 60% of the education CPI basket.
- The education CPI is one of the fastest-growing components of Austria's overall consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Education (COICOP 10): Total for Austria measures changes in the prices of educational goods and services, including tuition, textbooks, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The education CPI provides important insights into inflationary pressures faced by Austrian households and the broader affordability of the education system. It is a key input for policymakers, economists, and consumers monitoring cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: The education CPI is closely monitored by the Austrian government and central bank to assess the impact of economic conditions and policy decisions on the affordability of education for consumers and households.
Q: Are there update delays or limitations?
A: The education CPI data is published monthly with a short delay, typically 1-2 months after the reference period. There are no major known limitations to the data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Austria (AUTCP100000GPM), retrieved from FRED.