Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Germany
Growth rate previous period, Monthly
DEUCP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-46.28%
Date Range
1/1/1960 - 11/1/2023
Summary
The 'Growth rate previous period, Monthly' metric measures the month-over-month change in the cost of living for consumers in Germany. This key economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 monthly consumer price growth rate tracks changes in the prices of a basket of consumer goods and services in Germany. It is a widely-used metric for assessing overall economic conditions and informing monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and aggregated by the German Federal Statistical Office.
Historical Context
Policymakers and analysts monitor this indicator to understand the trajectory of consumer inflation and guide appropriate economic interventions.
Key Facts
- The base year for this index is 2015.
- Germany is the largest economy in the Eurozone.
- Inflation targeting is a key objective of the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month change in the prices of consumer goods and services in Germany, providing insight into inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers, economists, and investors to assess the state of the German economy and inform decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and aggregated by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this metric to understand the trajectory of consumer inflation and guide appropriate economic interventions, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (DEUCP010000GPM), retrieved from FRED.