Harmonized Index of Consumer Prices: Insurance for Austria
CP1250ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.83
Year-over-Year Change
2.51%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Insurance in Austria measures changes in the prices of insurance services consumed by households. This metric is crucial for economists and policymakers to monitor inflation and assess the cost of living.
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 for Insurance in Austria is a component of the broader HICP, which is the primary measure of inflation in the Eurozone. It tracks the prices of a basket of insurance products and services, providing insights into the affordability and accessibility of insurance coverage for Austrian consumers.
Methodology
The data is collected by Eurostat through surveys of insurance providers and harmonized across Eurozone countries.
Historical Context
The HICP for Insurance in Austria is used by the European Central Bank and other policymakers to evaluate the impact of inflation on household budgets and inform monetary policy decisions.
Key Facts
- The base year for the HICP for Austria is 2015.
- Insurance accounts for approximately 4% of the total HICP basket in Austria.
- The HICP for Insurance in Austria has risen by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Insurance in Austria measures changes in the prices of insurance services consumed by households.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Insurance in Austria provides crucial insights into the affordability and accessibility of insurance coverage for Austrian consumers, which is relevant for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected by Eurostat through surveys of insurance providers and harmonized across Eurozone countries.
Q: How is this trend used in economic policy?
A: The HICP for Insurance in Austria is used by the European Central Bank and other policymakers to evaluate the impact of inflation on household budgets and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Austria is published monthly by Eurostat, with a typical release lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance for Austria (CP1250ATM086NEST), retrieved from FRED.