Consumer Price Index: All Items: Total for Austria
AUTCPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.10
Year-over-Year Change
5.35%
Date Range
1/1/1960 - 11/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Austria measures the changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for economic policymakers.
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 All Items in Austria is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of goods and services. It is widely used to assess cost-of-living changes, guide monetary policy, and inform economic decision-making.
Methodology
The Austrian CPI is calculated monthly by Statistics Austria based on a survey of prices for a representative sample of consumer goods and services.
Historical Context
The CPI is a critical statistic for the European Central Bank in setting monetary policy and managing inflation.
Key Facts
- Austria's CPI has risen by an average of 2.1% annually over the past decade.
- Housing, utilities, and transportation make up over 50% of the Austrian CPI basket.
- The Austrian CPI is a leading indicator for the European Union's Harmonized Index of Consumer Prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in Austria measures the average change in prices paid by consumers for a fixed basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Austrian CPI is a key indicator of inflation and an important tool for economic policymakers, informing decisions on monetary policy and cost-of-living adjustments.
Q: How is this data collected or calculated?
A: The Austrian CPI is calculated monthly by Statistics Austria based on a survey of consumer prices for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The Austrian CPI is a crucial statistic for the European Central Bank in setting monetary policy and managing inflation across the Eurozone.
Q: Are there update delays or limitations?
A: The Austrian CPI data is published monthly with a lag of approximately two weeks.
Related Trends
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Consumer Price Index: Total Food Excluding Restaurants for Austria
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Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Austria
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Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Austria
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Business Tendency Surveys: Composite Business Confidence: Economic Activity: Construction for Austria
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Austria (AUTCPALTT01IXNBM), retrieved from FRED.