Global price of Energy index
This dataset tracks global price of energy index over time.
Latest Value
166.79
Year-over-Year Change
-10.35%
Date Range
1/1/1992 - 6/1/2025
Summary
The Global price of Energy index measures the average international price of major energy commodities. It is a key indicator for monitoring global energy market trends and price movements.
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 Global price of Energy index is a composite index that tracks the average international price of a basket of major energy commodities, including crude oil, natural gas, coal, and electricity. It provides a broad overview of global energy price dynamics and is widely used by economists, policymakers, and market analysts.
Methodology
The index is calculated by the International Monetary Fund using a weighted average of global spot prices for the included energy products.
Historical Context
Fluctuations in the Global price of Energy index have significant implications for inflation, consumer spending, business costs, and the broader economy.
Key Facts
- The index has a base year of 2016.
- Energy accounts for around 10% of global consumer spending.
- Crude oil is the most heavily weighted component in the index.
FAQs
Q: What does this economic trend measure?
A: The Global price of Energy index measures the average international price of major energy commodities, including crude oil, natural gas, coal, and electricity.
Q: Why is this trend relevant for users or analysts?
A: Fluctuations in global energy prices have significant implications for inflation, consumer spending, business costs, and the broader economy, making this index a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The index is calculated by the International Monetary Fund using a weighted average of global spot prices for the included energy products.
Q: How is this trend used in economic policy?
A: The Global price of Energy index is widely used by economists, policymakers, and market analysts to monitor global energy market trends and price movements, which have significant implications for inflation, consumer spending, and broader economic conditions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical update delay of 1-2 months. As a composite index, it may not capture all regional or product-specific energy price variations.
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Citation
U.S. Federal Reserve, Global price of Energy index (PNRGINDEXM), retrieved from FRED.