Consumer Price Index: Harmonized Prices: All Items: Total for Austria
Index Eurostat base
AUTCPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.47
Year-over-Year Change
4.88%
Date Range
1/1/1996 - 11/1/2023
Summary
The Index Eurostat base measures the cost of living in Austria based on the Harmonized Index of Consumer Prices (HICP) with a reference year of 2015. This metric is crucial for monitoring inflation and supporting economic policymaking.
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 Index Eurostat base tracks changes in the average price level of consumer goods and services purchased by Austrian households. It serves as a key indicator of domestic price stability and is used to inform monetary and fiscal policies.
Methodology
The data is collected through a nationwide survey of consumer prices by Eurostat, the statistical office of the European Union.
Historical Context
This index provides important context for the European Central Bank's inflation targeting and other macroeconomic policies.
Key Facts
- The base year for the index is 2015.
- Austria's index was 102.16 as of the latest data.
- The index has risen by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures changes in the average price level of consumer goods and services purchased by Austrian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of domestic price stability in Austria and informs monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Index Eurostat base provides important context for the European Central Bank's inflation targeting and other macroeconomic policies.
Q: Are there update delays or limitations?
A: The index data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Index Eurostat base (AUTCPHPTT01IXEBM), retrieved from FRED.