Consumer Price Index: All Items: Total for OECD: Europe
OECDECPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.57
Year-over-Year Change
32.65%
Date Range
1/1/1970 - 7/1/2023
Summary
The Consumer Price Index (CPI) for All Items in OECD Europe tracks changes in the general price level of consumer goods and services across the region.
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
The CPI for OECD Europe is a key economic indicator used to measure inflation and assess the purchasing power of consumers. It's widely referenced by policymakers, economists, and analysts to understand trends in the cost of living and make informed decisions.
Methodology
The index is calculated based on price data collected from a representative basket of consumer goods and services.
Historical Context
The CPI is a crucial input for monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The CPI for OECD Europe is updated monthly.
- It covers a representative basket of over 300 consumer goods and services.
- The index has a base year of 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The CPI for OECD Europe measures changes in the general price level of consumer goods and services across the European OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation and the purchasing power of consumers, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated based on price data collected from a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI is a key input for monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The CPI for OECD Europe is updated monthly, with a typical publication delay of a few weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for OECD: Europe (OECDECPALTT01IXNBQ), retrieved from FRED.