Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Austria
AUTCPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Austria measures price changes for a basket of consumer goods and services in Austria. This index is a key indicator of inflation and consumer spending 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 AUTCPHP1200GPM series tracks the prices of miscellaneous goods and services, such as personal care, insurance, and financial services, for Austrian consumers. It is part of the Harmonized Index of Consumer Prices (HICP), which allows for cross-country comparisons of inflation within the European Union.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- Austria's miscellaneous goods and services index has increased by 3.2% over the past year.
- The index has a base year of 2015 = 100.
- Miscellaneous goods and services account for about 13% of the total Austrian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The AUTCPHP1200GPM series measures changes in the prices of miscellaneous goods and services consumed by Austrian households, including personal care, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer spending patterns in Austria, which helps policymakers and analysts assess the overall state of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index, along with other inflation measures, to inform monetary policy decisions and ensure price stability in the Austrian economy.
Q: Are there update delays or limitations?
A: The AUTCPHP1200GPM series is published monthly with a relatively short lag, making it a timely indicator of price trends in Austria.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Austria (AUTCPHP1200GPM), retrieved from FRED.