Consumer Price Index: OECD Groups: Services: Total for France
FRACPGRSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.29
Year-over-Year Change
-419.84%
Date Range
2/1/1990 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Services in France, as part of the OECD's consumer price groups, measures the changes in prices paid by consumers for a basket of service-related goods and services. 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
The CPI for Services in France is a vital statistic used by economists, policymakers, and analysts to gauge the country's overall price levels and inflation trends. It tracks the cost of a representative basket of service-related items, including housing, utilities, transportation, and recreation, to provide a comprehensive view of consumer spending.
Methodology
The data is collected through surveys of prices paid by French households for a variety of service items.
Historical Context
The CPI for Services is widely referenced in the analysis of monetary policy, consumer behavior, and the overall health of the French economy.
Key Facts
- The base year for the French CPI for Services is 2015.
- Services account for over 50% of total consumer spending in France.
- The CPI for Services 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 for Services in France measures the changes in prices paid by consumers for a basket of service-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a crucial indicator of inflationary pressures and consumer purchasing power, providing insights into the overall health of the French economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by French households for a variety of service items.
Q: How is this trend used in economic policy?
A: The CPI for Services is widely referenced in the analysis of monetary policy, consumer behavior, and the overall health of the French economy.
Q: Are there update delays or limitations?
A: The CPI for Services data is released monthly with minimal delays, providing timely insights into France's service sector inflation.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for France (FRACPGRSE01GPM), retrieved from FRED.