Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7
G7CPALTT01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.99
Year-over-Year Change
2.44%
Date Range
1/1/1970 - 3/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs) COICOP 1999 measure the total consumer price index for the G7 countries, a key economic indicator used to assess inflationary pressures.
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 economic trend tracks the overall price level of consumer goods and services across the major industrialized economies of the G7, providing important insights into the state of global inflation.
Methodology
The data is calculated based on the harmonized index of consumer prices (HICP) methodology used by national statistics agencies.
Historical Context
This index is closely monitored by central banks, policymakers, and financial analysts to inform monetary policy and investment decisions.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- The CPI is a widely used measure of inflation, tracking the changing cost of a basket of consumer goods and services.
- The HICP methodology provides a harmonized, internationally comparable measure of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Indices (CPIs, HICPs) COICOP 1999 measure the total consumer price index for the G7 countries, providing a gauge of overall price levels across these major economies.
Q: Why is this trend relevant for users or analysts?
A: This index is a critical indicator for assessing inflationary pressures and the overall state of the global economy, informing decisions by central banks, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is calculated based on the harmonized index of consumer prices (HICP) methodology used by national statistics agencies.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor this index to inform monetary policy and assess the broader macroeconomic environment, while financial analysts use it to guide investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedules and methodological constraints of the national statistics agencies that contribute to the harmonized HICP calculation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7 (G7CPALTT01IXOBM), retrieved from FRED.