Consumer Price Index: OECD Groups: All items non-food non-energy: Total for G7
G7CPGRLE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
124.18%
Date Range
2/1/1970 - 5/1/2018
Summary
The Consumer Price Index: OECD Groups: All items non-food non-energy: Total for G7 measures inflation in the G7 economies, excluding volatile food and energy prices. This core measure of inflation is closely watched by policymakers and analysts to assess underlying price pressures.
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 trend represents a composite consumer price index for the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States), excluding food and energy. It provides a broad indicator of price changes in the major advanced economies, which is useful for economic analysis and monetary policy decisions.
Methodology
The data is calculated by the OECD from national consumer price index reports.
Historical Context
Policymakers and central banks monitor this index to help guide monetary policy and assess the need for intervention to maintain price stability.
Key Facts
- The G7 comprises the world's major advanced economies.
- Excluding food and energy prices provides a more stable measure of underlying inflation.
- This index is a valuable input for central bank decision-making.
FAQs
Q: What does this economic trend measure?
A: This trend measures a composite consumer price index for the G7 economies, excluding volatile food and energy prices. It provides a core measure of inflation in the major advanced economies.
Q: Why is this trend relevant for users or analysts?
A: This index is a closely watched indicator of underlying price pressures in the G7 countries, which are important for policymakers and analysts to assess the need for monetary policy intervention.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD from national consumer price index reports.
Q: How is this trend used in economic policy?
A: Central banks and policymakers monitor this index to help guide monetary policy decisions and maintain price stability in the major advanced economies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All items non-food non-energy: Total for G7 (G7CPGRLE01GPM), retrieved from FRED.