Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Austria
CPGRLE01ATM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
-21.84%
Date Range
2/1/1966 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Austria tracks changes in the prices of goods and services, excluding food and energy, in Austria. This measure is important for economists and policymakers in understanding underlying inflationary pressures.
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 represents the changes in the cost of living for Austrian consumers, excluding the volatile food and energy sectors. It is a key indicator used to assess the overall health of the Austrian economy and to inform monetary policy decisions.
Methodology
The data is collected through a survey of consumer purchases and calculated using a fixed-weight index formula.
Historical Context
Policymakers at the Austrian National Bank and European Central Bank closely monitor this index to help guide interest rate and other economic policy decisions.
Key Facts
- This index excludes volatile food and energy prices.
- Austria is a member of the OECD group of developed economies.
- The base year for this index is 2015.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of goods and services, excluding food and energy, purchased by Austrian consumers.
Q: Why is this trend relevant for users or analysts?
A: This measure provides insight into underlying inflationary pressures in the Austrian economy, which is important for monetary policy and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer purchases and calculated using a fixed-weight index formula.
Q: How is this trend used in economic policy?
A: Policymakers at the Austrian National Bank and European Central Bank monitor this index to help guide interest rate and other economic policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Austria (CPGRLE01ATM657N), retrieved from FRED.