Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria
AUTCP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.29
Year-over-Year Change
29.65%
Date Range
1/1/1997 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Austria measures the changes in prices paid by consumers for dining out and accommodation services. This key economic indicator provides insight into inflationary pressures in the service 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 Restaurants and Hotels CPI is a component of the broader Consumer Price Index, which tracks changes in the cost of a basket of consumer goods and services. It is used by policymakers, economists, and businesses to understand consumer spending patterns and the overall state of the Austrian economy.
Methodology
The data is collected through surveys of prices charged by restaurants, hotels, and other hospitality establishments across Austria.
Historical Context
The Restaurants and Hotels CPI is closely monitored for its implications on monetary and fiscal policy decisions.
Key Facts
- The Restaurants and Hotels CPI accounts for approximately 8% of the total Austrian CPI basket.
- Prices in the Restaurants and Hotels sector have increased by an average of 2.5% annually over the past decade.
- The Restaurants and Hotels CPI is considered a leading indicator of overall consumer spending in Austria.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the changes in prices paid by consumers for dining out and accommodation services in Austria.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into inflationary pressures in the service sector, which is an important driver of the overall Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by restaurants, hotels, and other hospitality establishments across Austria.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is closely monitored by policymakers and economists for its implications on monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is typically released on a monthly basis with a short delay, providing timely information on price changes in the hospitality sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria (AUTCP110000IXOBQ), retrieved from FRED.