Consumer Price Index: All items: Total: Total for G7
Index source base
G7CPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.06
Year-over-Year Change
2.27%
Date Range
1/1/1970 - 5/1/2018
Summary
The Index source base tracks the base year used to calculate various consumer price indices across G7 countries. This metric is important for economists and policymakers to understand changes in purchasing power and inflation over time.
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 Index source base represents the reference year used as the baseline (100) for consumer price index (CPI) calculations. It allows for consistent comparisons of price changes across different geographies and time periods.
Methodology
The data is compiled by the OECD from national statistical agencies.
Historical Context
Central banks and finance ministries use the index source base to analyze and set monetary and fiscal policies.
Key Facts
- The index source base year is updated periodically by statistical agencies.
- The current base year for most major economies is 2015 = 100.
- Changing the index base year can affect the perception of inflation trends.
FAQs
Q: What does this economic trend measure?
A: The Index source base tracks the reference year used to calculate consumer price indices across the G7 countries.
Q: Why is this trend relevant for users or analysts?
A: Understanding the index source base is critical for properly interpreting and comparing inflation metrics over time and across economies.
Q: How is this data collected or calculated?
A: The data is compiled by the OECD from national statistical agencies in the G7 countries.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries use the index source base to analyze and set monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index source base is updated periodically by statistical agencies, so there may be some delay in the most recent data.
Related Trends
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Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for G7
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Consumer Price Index: Food and non-Alcoholic beverages (COICOP 01): Total: Total for G7
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Citation
U.S. Federal Reserve, Index source base (G7CPALTT01IXNBM), retrieved from FRED.