Harmonized Index of Consumer Prices: Oils and Fats for Austria
CP0115ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.49
Year-over-Year Change
0.87%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Oils and Fats for Austria measures the price changes of edible oils and fats purchased by Austrian consumers. This indicator provides valuable insights into inflationary pressures within the food and beverage 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 Harmonized Index of Consumer Prices (HICP) is a key economic indicator used to assess price stability and inflation within the Eurozone. The Oils and Fats component specifically tracks the prices of cooking oils, margarine, and other edible fat products that are part of the typical Austrian household's consumption basket.
Methodology
The data is collected through surveys of retail outlets and compiled by Statistik Austria, the national statistical agency.
Historical Context
Policymakers and analysts closely monitor the HICP Oils and Fats index to understand broader food price dynamics and their impact on consumer purchasing power.
Key Facts
- The base year for the Oils and Fats HICP is 2015 = 100.
- Austria is a member of the Eurozone, where the HICP is the primary inflation measure.
- Food and non-alcoholic beverages account for around 15% of the total Austrian HICP basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Oils and Fats for Austria measures the price changes of edible oils, fats, and related products purchased by Austrian households.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into inflationary pressures within the food and beverage sector, which is a key component of consumer spending and an important factor in overall price stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and compiled by Statistik Austria, the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the HICP Oils and Fats index to understand broader food price dynamics and their impact on consumer purchasing power.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Austria
AUTCP110000CTGYM
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Austria
AUTIMPORTQDSMEI
Bank's Net Interest Margin for Austria
DDEI01ATA156NWDB
Business Tendency Surveys: Finished Goods Stocks: Economic Activity: Manufacturing: Current for Austria
BSFGLV02ATM460S
Labor Compensation: Wage Rate: Industry: Hourly for Austria
LCWRIN01ATM661N
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Austria
LFAC55MAATA647S
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for Austria (CP0115ATM086NEST), retrieved from FRED.