Price Level of Household Consumption for Austria
PLCCPPATA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.94
Year-over-Year Change
-3.55%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Austria measures the level of consumer prices within the country. This metric is crucial for analyzing the cost of living and informing economic policymaking.
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 tracks the overall price level of goods and services purchased by Austrian households. It is a key indicator of inflation and consumer purchasing power, used to assess the affordability of everyday expenditures.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Austria.
Historical Context
Policymakers and economists rely on this trend to gauge the state of the Austrian economy and cost-of-living dynamics.
Key Facts
- The base year for this index is 2020 = 100.
- Austria's household consumption price level rose 10.2% in 2022.
- The index reached an all-time high of 114.4 in December 2022.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Austria measures the overall price level of goods and services purchased by Austrian households.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing the cost of living and consumer purchasing power in Austria, informing economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Statistics Austria.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this trend to gauge the state of the Austrian economy and cost-of-living dynamics.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, providing timely insights into Austria's consumer price landscape.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Austria (PLCCPPATA670NRUG), retrieved from FRED.