Consumer Price Index: Harmonized Prices: Energy: Total for Germany
DEUCPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.00
Year-over-Year Change
233.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Energy: Total for Germany measures changes in the prices of energy goods and services in Germany. This data is crucial for understanding inflationary pressures and the cost of living in the German 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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking the changes in the prices paid by consumers for a basket of goods and services. The Harmonized Index of Consumer Prices (HICP) is a harmonized version of the CPI used across the European Union for international comparisons. This specific series focuses on the energy component of the HICP, providing insights into energy price dynamics in Germany.
Methodology
The data is collected through surveys of consumers and businesses by the German Federal Statistical Office.
Historical Context
Policymakers and economists use this index to assess the state of the German economy and inform monetary and fiscal policies.
Key Facts
- The index is based on 2015 as the base year.
- Energy accounts for around 10% of the German HICP basket.
- The index has shown significant volatility in recent years due to global energy market fluctuations.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of energy goods and services in Germany, including fuels, electricity, and other energy-related items.
Q: Why is this trend relevant for users or analysts?
A: The energy component of the German HICP is a crucial indicator for understanding inflationary pressures and the cost of living in the country, which is relevant for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the state of the German economy and inform monetary and fiscal policies, such as interest rate decisions and government spending.
Q: Are there update delays or limitations?
A: The index is published monthly with a short delay, and it may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Energy: Total for Germany (DEUCPHPEN01GPM), retrieved from FRED.