Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union
EU28CPGREN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-12.00%
Date Range
12/1/2001 - 1/1/2020
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union tracks changes in the prices of energy products in the EU. This key metric provides insight into inflationary pressures and the cost of living for consumers.
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 index measures the changes in prices of energy-related goods and services, including fuel, electricity, and gasoline, across the European Union. It is a crucial indicator for understanding the broader macroeconomic environment and energy market dynamics in the region.
Methodology
The data is collected and calculated by Eurostat based on a harmonized methodology across EU member states.
Historical Context
Policymakers and analysts closely monitor this energy price index to assess the impact on household budgets, business costs, and overall inflation.
Key Facts
- Energy accounts for around 15% of the total EU consumer price index.
- Electricity and fuel prices have risen by over 30% in the EU since 2020.
- The energy price index is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union tracks changes in the prices of energy-related goods and services, including fuel, electricity, and gasoline, across the EU.
Q: Why is this trend relevant for users or analysts?
A: This energy price index is a crucial indicator for understanding inflationary pressures, the cost of living, and the broader macroeconomic environment in the European Union.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this energy price index to assess the impact on household budgets, business costs, and overall inflation, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The energy price index data is typically published on a monthly basis with minimal delays, providing timely insights into changing energy market conditions.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for the European Union (EU28CPGREN01GYM), retrieved from FRED.