Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Spain
ESPCPICORAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.83
Year-over-Year Change
18.64%
Date Range
1/1/1976 - 1/1/2024
Summary
The Consumer Price Index: All Items Non-Food Non-Energy for Spain measures the overall price level of consumer goods and services excluding food and energy costs in Spain. This provides a key indicator of underlying inflationary pressures 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 All Items Non-Food Non-Energy CPI for Spain tracks changes in the prices paid by consumers for a basket of goods and services that excludes volatile food and energy components. This helps policymakers and analysts focus on the core drivers of inflation within the Spanish economy.
Methodology
The data is collected through monthly household surveys and business reporting, then aggregated and indexed to track price changes over time.
Historical Context
The non-food, non-energy CPI is widely used by the European Central Bank and Spanish government to guide monetary and fiscal policy decisions.
Key Facts
- Spain's non-food, non-energy CPI was 106.16 in January 2023.
- The index has increased by 3.2% over the past 12 months.
- This measure of core inflation excludes volatile food and energy prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items Non-Food Non-Energy for Spain measures the overall price level of consumer goods and services in Spain, excluding the volatile food and energy components.
Q: Why is this trend relevant for users or analysts?
A: This non-food, non-energy CPI is a key indicator of underlying inflationary pressures in the Spanish economy, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys and business reporting, then aggregated and indexed to track price changes over time.
Q: How is this trend used in economic policy?
A: The non-food, non-energy CPI is widely used by the European Central Bank and Spanish government to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Spanish Statistical Office with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Spain (ESPCPICORAINMEI), retrieved from FRED.