Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Germany
CPGRLE01DEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.42
Year-over-Year Change
-499.64%
Date Range
2/1/1962 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Germany measures changes in the prices of consumer goods and services in Germany, excluding food and energy. It is a key indicator of inflation and economic conditions.
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 prices of a broad basket of consumer goods and services in Germany, excluding volatile food and energy prices. It is used by economists and policymakers to assess underlying inflationary pressures in the German economy.
Methodology
The data is collected through a nationwide survey of prices across a representative sample of goods and services.
Historical Context
The index is closely monitored by the European Central Bank and German economic officials as part of their policy decision-making.
Key Facts
- The index is calculated monthly by the OECD.
- It uses 2015 as the base year with a value of 100.
- Prices are surveyed across over 1,000 representative items.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of consumer goods and services in Germany, excluding volatile food and energy prices.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of underlying inflationary pressures in the German economy, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices across a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The index is closely monitored by the European Central Bank and German economic officials as part of their policy decision-making.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely data on price trends in the German economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Germany (CPGRLE01DEM657N), retrieved from FRED.