Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria
AUTCP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-27.51%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Austria measures the changes in prices paid by consumers for dining out and lodging services. This trend is a key indicator of inflation and consumer spending patterns in the Austrian economy.
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 Restaurants and Hotels CPI is a subcomponent of the overall Austrian Consumer Price Index, which tracks the cost of a basket of consumer goods and services. It provides insights into price changes specifically related to the hospitality industry, which is an important sector of the Austrian economy.
Methodology
The data is collected by Statistics Austria through regular surveys of prices at restaurants, cafes, hotels, and other lodging establishments.
Historical Context
Policymakers and analysts use this CPI component to assess inflationary pressures and consumer behavior in the Austrian service sector.
Key Facts
- Austria's Restaurants and Hotels CPI reached a record high in 2022.
- The CPI for this sector has risen faster than the overall Austrian CPI in recent years.
- Dining and lodging expenses account for a significant portion of Austrian household budgets.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the changes in prices paid by Austrian consumers for dining out and hotel/lodging services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insight into inflationary pressures and consumer spending patterns in the important Austrian hospitality sector.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of restaurants, cafes, hotels, and other lodging establishments by Statistics Austria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess service sector inflation and consumer behavior, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly by Statistics Austria with minimal delays, providing timely data for economic analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria (AUTCP110000CTGYM), retrieved from FRED.