National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Spain
ESPNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.01
Year-over-Year Change
14.21%
Date Range
1/1/1995 - 7/1/2023
Summary
The National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Spain measures the change in prices for private consumption in the Spanish economy over time.
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 deflator tracks the price level for all goods and services purchased by Spanish households. It is a key indicator of domestic inflation and economic health, used by policymakers to guide monetary and fiscal policy.
Methodology
The data is calculated by the OECD using a chain-weighted index to measure changes in the price level.
Historical Context
Economists and analysts monitor this deflator to understand trends in consumer spending and the overall cost of living in Spain.
Key Facts
- The base year for this index is 2015.
- Spain's private consumption deflator reached a high of 105.80 in 2022.
- The deflator has increased by an average of 1.5% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: The National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Spain measures changes in the overall price level for goods and services purchased by Spanish households.
Q: Why is this trend relevant for users or analysts?
A: This deflator is a key indicator of domestic inflation and consumer spending patterns in Spain, providing important context for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a chain-weighted index to measure changes in the price level over time.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this deflator to guide monetary and fiscal policy decisions, aiming to maintain stable prices and promote economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Spain (ESPNAGICE01IXOBSAQ), retrieved from FRED.