Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain
CPGRLE01ESQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
-134.37%
Date Range
1/1/1976 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain measures the change in prices of consumer goods and services in Spain, excluding food and energy. This metric is a key economic indicator used to track inflation and cost of living.
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 Consumer Price Index (CPI) is a widely-used measure of inflation that tracks the changes in the prices of a basket of consumer goods and services. The CPI excluding food and energy is considered a core measure that provides a better indication of underlying inflationary pressures in the economy.
Methodology
The data is collected through surveys of retail prices and compiled by the OECD.
Historical Context
This CPI index is closely monitored by policymakers, economists, and investors to assess economic conditions and inform policy decisions.
Key Facts
- The CPI excluding food and energy is considered a more reliable measure of underlying inflation.
- Spain's CPI excluding food and energy is an important indicator of the country's economic health.
- This index is used by the European Central Bank to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain measures the changes in the prices of consumer goods and services in Spain, excluding food and energy.
Q: Why is this trend relevant for users or analysts?
A: This CPI index is a key economic indicator used to track inflation and cost of living in Spain, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and compiled by the OECD.
Q: How is this trend used in economic policy?
A: This CPI index is closely monitored by the European Central Bank to guide its monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain (CPGRLE01ESQ657N), retrieved from FRED.