Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7
G7CPGREN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.82
Year-over-Year Change
-2942.52%
Date Range
2/1/1970 - 5/1/2018
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7 measures the changes in prices for energy-related goods and services across the G7 countries.
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 indicator provides insights into the inflationary pressures and price dynamics for the energy sector in major developed economies. It is a widely referenced metric for economists and policymakers monitoring energy costs and their impacts on consumers and the broader economy.
Methodology
The data is collected and calculated by the OECD based on consumer price index surveys across the G7 nations.
Historical Context
This energy price index is used to inform energy and fiscal policies, as well as analyze consumer spending and inflation trends.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Energy accounts for approximately 10% of the typical consumer price index basket.
- Prices for energy goods and services can have significant impacts on overall inflation rates.
FAQs
Q: What does this economic trend measure?
A: This indicator measures changes in consumer prices for energy-related goods and services, including fuel, electricity, and gasoline, across the G7 developed economies.
Q: Why is this trend relevant for users or analysts?
A: This energy price index is a key indicator for monitoring inflationary pressures and the cost-of-living impacts of energy prices, which are crucial for economic policymaking and consumer spending analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on consumer price index surveys across the G7 nations.
Q: How is this trend used in economic policy?
A: This energy price index is used by economists, policymakers, and market analysts to inform energy, fiscal, and monetary policies, as well as to assess the broader macroeconomic impacts of energy cost fluctuations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7 (G7CPGREN01GPM), retrieved from FRED.