Consumer Price Index: Food for Austria
Annual
AUTCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.05
Year-over-Year Change
34.06%
Date Range
1/1/1960 - 1/1/2017
Summary
The Annual Consumer Price Index for All Urban Consumers (CPI-U) is a key measure of inflation in the United States, tracking changes in the prices of goods and services purchased by consumers.
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-U is a widely followed economic indicator that assesses the overall increase in prices faced by urban consumers, including food, housing, transportation, and other expenditures. It serves as an important benchmark for monetary policy and cost-of-living adjustments.
Methodology
The CPI-U is calculated by the U.S. Bureau of Labor Statistics based on a representative basket of consumer goods and services.
Historical Context
The Annual CPI-U is a critical data point for the Federal Reserve in setting monetary policy and managing inflation expectations.
Key Facts
- The CPI-U is calculated using a representative basket of over 80,000 consumer goods and services.
- The CPI-U is a key input for adjusting Social Security benefits and other government payments.
- The Federal Reserve targets an annual CPI-U inflation rate of 2% as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for All Urban Consumers (CPI-U) measures the average change in prices paid by urban consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Annual CPI-U is a critical indicator of inflation that informs monetary policy, cost-of-living adjustments, and consumer purchasing power.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data on a representative basket of consumer goods and services to calculate the CPI-U.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the Annual CPI-U as a key input for setting monetary policy and managing inflation expectations.
Q: Are there update delays or limitations?
A: The Annual CPI-U is released with a one-month lag and may be subject to revision as more data becomes available.
Related Trends
Balance of Payments: Other Investment: Assets (or Net Acquisition of Assets) for Austria
AUTB6FAOI02CXCUQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Austria
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Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Austria
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Inflation, consumer prices for Austria
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Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Austria
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Austria
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for All Urban Consumers (AUTCPIFODAINMEI), retrieved from FRED.