Consumer Price Index: All items: Total: Total for G7
G7CPALTT01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
95.60%
Date Range
4/1/1970 - 10/1/2023
Summary
The Consumer Price Index: All Items: Total: Total for G7 is a key economic indicator that measures the average change over time in the prices paid by consumers for a basket of goods and services across the G7 countries.
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 serves as a widely used measure of inflation, providing insights into the overall cost of living and purchasing power for households in the G7 economies. It is closely monitored by policymakers, central banks, and analysts to inform economic and monetary policy decisions.
Methodology
The data is collected through household surveys and compiled by statistical agencies in each G7 country.
Historical Context
The CPI G7 index is a valuable tool for assessing the macroeconomic health and price stability across major industrialized nations.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- The CPI G7 index is a GDP-weighted average of the individual CPI indexes for the G7 nations.
- The index is published monthly by the U.S. Federal Reserve's FRED database.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items: Total: Total for G7 measures the average change over time in the prices paid by consumers for a basket of goods and services across the G7 countries.
Q: Why is this trend relevant for users or analysts?
A: This index is a widely used measure of inflation, providing insights into the overall cost of living and purchasing power for households in the G7 economies. It is closely monitored by policymakers, central banks, and analysts to inform economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by statistical agencies in each G7 country.
Q: How is this trend used in economic policy?
A: The CPI G7 index is a valuable tool for assessing the macroeconomic health and price stability across major industrialized nations, and is used by policymakers, central banks, and analysts to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI G7 index is published monthly by the U.S. Federal Reserve's FRED database, with some potential for minor update delays due to the compilation of data across multiple national statistical agencies.
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Citation
U.S. Federal Reserve, Consumer Price Index: All items: Total: Total for G7 (G7CPALTT01GPQ), retrieved from FRED.