Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total
OECDCPGRLE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-60.37%
Date Range
2/1/1970 - 11/1/2023
Summary
The Consumer Price Index (CPI) for OECD Groups: All Items Non-Food Non-Energy measures changes in the prices of goods and services excluding food and energy, providing insights into underlying inflationary 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 CPI measure tracks the cost of a basket of consumer goods and services, excluding volatile food and energy prices, to give a better indication of the core rate of inflation. It is a widely followed metric for economists and policymakers assessing the overall health of the economy.
Methodology
The data is collected through surveys of retail prices and calculated as an index by the Organization for Economic Cooperation and Development (OECD).
Historical Context
Central banks often use this core CPI measure to guide monetary policy decisions aimed at maintaining price stability.
Key Facts
- The CPI for OECD groups excludes volatile food and energy prices.
- This metric provides a better gauge of underlying inflationary pressures.
- Central banks closely monitor core CPI to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for OECD Groups: All Items Non-Food Non-Energy measures changes in the prices of a basket of consumer goods and services, excluding volatile food and energy costs.
Q: Why is this trend relevant for users or analysts?
A: This core CPI measure provides a better indication of underlying inflationary pressures, making it a key metric for economists and policymakers assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated as an index by the Organization for Economic Cooperation and Development (OECD).
Q: How is this trend used in economic policy?
A: Central banks often use this core CPI measure to guide monetary policy decisions aimed at maintaining price stability and supporting sustainable economic growth.
Q: Are there update delays or limitations?
A: The OECD publishes this CPI data on a monthly basis, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total (OECDCPGRLE01GPM), retrieved from FRED.