Consumer Price Index: Total Food Excluding Restaurants for Austria
CPGDFD02ATM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.94
Year-over-Year Change
-6.71%
Date Range
1/1/1960 - 5/1/2018
Summary
The Consumer Price Index: Total Food Excluding Restaurants for Austria measures the change in retail prices for food items purchased for home consumption, excluding meals consumed at restaurants.
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
This index serves as a key indicator of inflationary pressures and consumer purchasing power in the Austrian food market. Economists and policymakers use it to assess the cost-of-living and inform decisions on monetary and fiscal policies.
Methodology
The data is collected through a nationwide survey of retailers and aggregated by the Austrian statistical agency.
Historical Context
The index is closely monitored by the European Central Bank in its assessments of the Austrian and Eurozone economy.
Key Facts
- Austria's food CPI excluding restaurants has risen 2.4% over the past year.
- Food accounts for about 15% of the total Austrian consumer price index basket.
- The index is published monthly by the Austrian Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in retail prices for food items purchased for home consumption in Austria, excluding meals consumed at restaurants.
Q: Why is this trend relevant for users or analysts?
A: The food price index is a key indicator of inflationary pressures and consumer purchasing power in the Austrian economy, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retailers and aggregated by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: The index is closely watched by the European Central Bank in its assessments of the Austrian and Eurozone economy, and informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely information on Austrian food price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Food Excluding Restaurants for Austria (CPGDFD02ATM659N), retrieved from FRED.