Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Israel
ISRCP040500GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
-370.77%
Date Range
4/1/1985 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Israel measures changes in the prices paid by consumers for these essential household services and utilities. This index is a key indicator of inflation and cost of living trends in the Israeli economy.
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 Electricity, Gas and Other Fuels is a subcomponent of the broader Housing CPI in Israel. It tracks price movements for a basket of energy and fuel products that are crucial for household operations and budgets. Economists and policymakers use this index to assess inflationary pressures and make informed decisions about economic and monetary policy.
Methodology
The data is collected through a nationwide survey of consumer prices by Israel's Central Bureau of Statistics.
Historical Context
This CPI index provides important context for the state of the Israeli consumer economy and energy markets.
Key Facts
- The CPI for Electricity, Gas and Other Fuels has a base year of 2015.
- This index accounts for over 7% of the total CPI basket in Israel.
- Prices in this category rose by 3.2% in the last 12 months.
FAQs
Q: What does this economic trend measure?
A: The CPI for Electricity, Gas and Other Fuels in Israel measures the changes in prices paid by consumers for these essential household utilities and energy sources.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and cost of living for Israeli households, providing important context for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Israel's Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this CPI index to assess inflationary trends and make informed decisions about monetary and economic policies.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis with a short publication delay, providing timely information on household energy and utility costs.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Israel (ISRCP040500GPQ), retrieved from FRED.