Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Israel
CPGRLE01ILQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-665.29%
Date Range
4/1/1970 - 7/1/2023
Summary
The Consumer Price Index (CPI) for OECD Groups: All Items Non-Food Non-Energy in Israel measures changes in the cost of living, excluding volatile food and energy prices. This core inflation metric is a key indicator of underlying 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
The CPI for OECD Groups: All Items Non-Food Non-Energy in Israel tracks the price changes of a basket of consumer goods and services, excluding food and energy items. This 'core' CPI is a closely watched metric used by policymakers and analysts to assess inflationary pressures and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices across a representative sample of goods and services.
Historical Context
The core CPI is an important input for the Bank of Israel's monetary policy framework and decisions on interest rates and other policy tools.
Key Facts
- The base year for the CPI is 2015 = 100.
- This metric excludes the volatile food and energy components of the overall CPI.
- The Bank of Israel closely monitors the core CPI as a gauge of underlying inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for OECD Groups: All Items Non-Food Non-Energy in Israel measures changes in the cost of living, excluding volatile food and energy prices.
Q: Why is this trend relevant for users or analysts?
A: This 'core' CPI is a closely watched metric used by policymakers and analysts to assess inflationary pressures and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The core CPI is an important input for the Bank of Israel's monetary policy framework and decisions on interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve's FRED database, with typical update frequencies and no known significant limitations.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Israel (CPGRLE01ILQ657N), retrieved from FRED.