Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Austria
CP0912ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.54
Year-over-Year Change
0.67%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Photographic and Cinematographic Equipment and Optical Instruments in Austria measures the changes in prices paid by consumers for these products over time. This indicator provides insights into inflationary trends in this specific consumer goods category.
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 HICP is a standardized measure of consumer price inflation across European Union countries. The Photographic and Cinematographic Equipment and Optical Instruments category tracks price changes for items like cameras, lenses, and other optical devices that Austrian households purchase.
Methodology
The data is collected through surveys of retail establishments and service providers by Statistik Austria, the national statistical office.
Historical Context
Policymakers and analysts use this HICP component to monitor inflation pressures in specific consumer goods sectors.
Key Facts
- Austria's HICP for photographic/optical goods has increased 8.2% over the past 5 years.
- Prices in this category are more volatile than the overall HICP.
- Photographic/optical equipment makes up about 0.4% of the Austrian consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Photographic and Cinematographic Equipment and Optical Instruments in Austria tracks the changes in prices paid by consumers for these products.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into inflationary pressures within a specific consumer goods category, which is useful for policymakers and market analysts monitoring sector-level price dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers by Statistik Austria, the national statistical office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to monitor inflation pressures in the photographic and optical equipment sector, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or limitations in survey coverage that should be considered when interpreting this HICP trend.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Austria (CP0912ATM086NEST), retrieved from FRED.