Consumer Price Index: All Items: Total for Spain
CPALTT01ESA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.53
Year-over-Year Change
10.52%
Date Range
1/1/1956 - 1/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Spain measures the changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and cost of living in the Spanish 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
The CPI for All Items in Spain is a widely used economic indicator that tracks the average change in prices of a comprehensive basket of consumer goods and services. It is an important measure of inflation and allows policymakers to monitor price stability and the purchasing power of the Spanish currency.
Methodology
The Spanish National Statistics Institute (INE) collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI for Spain is closely watched by the European Central Bank and Spanish government in their efforts to maintain price stability and economic growth.
Key Facts
- The CPI for Spain has a base year of 2015.
- The index includes over 600 representative goods and services.
- Spain's CPI reached a high of 10.8% in July 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in Spain measures the average change in prices paid by consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and the purchasing power of the Spanish currency, making it crucial for policymakers, businesses, and consumers to monitor.
Q: How is this data collected or calculated?
A: The Spanish National Statistics Institute (INE) collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI for Spain is closely watched by the European Central Bank and Spanish government in their efforts to maintain price stability and economic growth.
Q: Are there update delays or limitations?
A: The CPI for Spain is typically published on a monthly basis, with a lag of a few weeks between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Spain (CPALTT01ESA657N), retrieved from FRED.