Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total
OECDCPGRLE01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
173.90%
Date Range
4/1/1970 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total measures changes in prices for a broad basket of goods and services, excluding food and energy, across OECD countries. This core inflation metric is a key indicator for policymakers and economists to assess underlying price pressures in the economy.
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 tracks price movements for a representative basket of consumer goods and services, excluding volatile food and energy components. It provides a more stable measure of inflation trends, which is crucial for central banks and governments to evaluate the effectiveness of monetary and fiscal policies.
Methodology
The data is collected through consumer surveys and business reporting, then aggregated and adjusted for seasonal variations.
Historical Context
Policymakers closely monitor this core inflation gauge to make informed decisions about interest rates, stimulus measures, and other economic interventions.
Key Facts
- Excludes volatile food and energy prices.
- Represents a basket of goods and services across OECD countries.
- A key metric for assessing underlying inflation trends.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in prices for a broad basket of consumer goods and services, excluding volatile food and energy components, across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This core inflation metric is crucial for policymakers and economists to assess underlying price pressures in the economy and evaluate the effectiveness of monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and business reporting, then aggregated and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this core inflation gauge to make informed decisions about interest rates, stimulus measures, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total (OECDCPGRLE01GPQ), retrieved from FRED.