Consumer Price Index: OECD Groups: Services: Total for Spain
ESPCPGRSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.32
Year-over-Year Change
1078.12%
Date Range
2/1/1976 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Services in Spain measures the change in prices for a basket of consumer services. It is a key indicator of inflation and consumer spending trends.
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 Services in Spain is part of the OECD's harmonized methodology for measuring consumer prices. It tracks the prices of a wide range of service categories, including housing, transportation, communication, recreation, and more.
Methodology
The data is collected through surveys of consumer purchases and service providers.
Historical Context
The CPI for Services is used by policymakers, economists, and investors to assess the overall rate of inflation in the Spanish economy.
Key Facts
- The base year for the Spanish CPI for Services is 2015.
- Services account for over 60% of Spain's GDP.
- The CPI for Services is published monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Spain measures the change in prices for a basket of consumer services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a key indicator of inflation and consumer spending trends in the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and service providers.
Q: How is this trend used in economic policy?
A: The CPI for Services is used by policymakers, economists, and investors to assess the overall rate of inflation in the Spanish economy.
Q: Are there update delays or limitations?
A: The CPI for Services is published monthly by the OECD with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Spain (ESPCPGRSE01GPM), retrieved from FRED.