Consumer Price Index: Harmonized Prices: All Items: Total for Germany
CPHPTT01DEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Germany measures the overall price level of consumer goods and services in the German economy. It is a key economic indicator used to track inflation and guide monetary policy decisions.
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 is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation across European Union member states. It tracks the prices of a basket of commonly purchased items, providing a comprehensive gauge of the cost of living in Germany.
Methodology
The German Federal Statistical Office collects price data from a sample of retail outlets and service providers to calculate this monthly index.
Historical Context
Policymakers at the European Central Bank rely on this and other HICP data to evaluate price stability and determine appropriate monetary policies.
Key Facts
- Germany is the largest economy in the Eurozone.
- The HICP is a key input for the European Central Bank's inflation target.
- Measuring consumer price changes is crucial for assessing the cost of living.
FAQs
Q: What does this economic trend measure?
A: This index measures the overall cost of consumer goods and services in the German economy, providing a comprehensive gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: The German CPI is a critical economic indicator used by policymakers and analysts to evaluate price stability and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The German Federal Statistical Office collects price data from a sample of retail outlets and service providers to calculate this monthly index.
Q: How is this trend used in economic policy?
A: The European Central Bank relies on this and other Harmonized Index of Consumer Prices (HICP) data to evaluate price stability and determine appropriate monetary policies for the Eurozone.
Q: Are there update delays or limitations?
A: This index is published monthly with a typical 2-week lag, providing timely information on inflationary pressures in the German economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Germany (CPHPTT01DEM657N), retrieved from FRED.