Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total
OECDCPGREN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.39
Year-over-Year Change
22.49%
Date Range
2/1/1970 - 11/1/2023
Summary
The Consumer Price Index (CPI) for OECD Groups: Energy measures changes in the cost of energy-related goods and services, including fuel, electricity, and gasoline. This trend is a key indicator of 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 OECD Energy CPI tracks the prices paid by consumers for a basket of energy-related items, providing insight into the affordability of essential household expenses. This data is widely used by policymakers, economists, and analysts to assess the overall state of the economy and inform decision-making.
Methodology
The data is collected through consumer surveys and retail price monitoring by national statistical agencies.
Historical Context
The OECD Energy CPI is a vital input for monetary policy, influencing interest rate decisions and measures to address cost-of-living concerns.
Key Facts
- The OECD Energy CPI is a subcomponent of the broader Consumer Price Index.
- Energy costs make up a significant portion of household budgets in many countries.
- Fluctuations in the OECD Energy CPI can have ripple effects across the economy.
FAQs
Q: What does this economic trend measure?
A: The OECD Energy CPI measures changes in the prices paid by consumers for a basket of energy-related goods and services, including fuel, electricity, and gasoline.
Q: Why is this trend relevant for users or analysts?
A: The OECD Energy CPI is a key indicator of inflationary pressures and consumer purchasing power, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by national statistical agencies.
Q: How is this trend used in economic policy?
A: The OECD Energy CPI is a vital input for monetary policy, influencing interest rate decisions and measures to address cost-of-living concerns.
Q: Are there update delays or limitations?
A: The OECD Energy CPI data is typically published on a monthly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total (OECDCPGREN01GPM), retrieved from FRED.