Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for OECD
OECDCPGRLE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
-29.86%
Date Range
1/1/1971 - 3/1/2025
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy for OECD countries measures changes in the cost of consumer goods and services, excluding food and energy. This metric is a key indicator of underlying 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
The CPI Non-Food Non-Energy is a sub-index of the broader Consumer Price Index, which tracks price changes for a basket of consumer goods and services. This narrower index excludes volatile food and energy costs to provide a cleaner signal of core inflationary trends relevant for policymakers and analysts.
Methodology
The data is calculated based on price surveys conducted by national statistical agencies across OECD member countries.
Historical Context
The CPI Non-Food Non-Energy is widely used by central banks, governments, and market analysts to assess underlying inflation and inform monetary policy decisions.
Key Facts
- The index excludes food and energy to provide a more stable measure of underlying inflation.
- OECD countries account for around 60% of global GDP.
- The CPI Non-Food Non-Energy is updated monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The CPI Non-Food Non-Energy measures changes in the prices of consumer goods and services, excluding volatile food and energy costs, across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a cleaner signal of core inflationary pressures, which is crucial for policymakers and analysts assessing the underlying state of the economy and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is compiled by the OECD based on price surveys conducted by national statistical agencies in member countries.
Q: How is this trend used in economic policy?
A: Central banks, governments, and market participants closely monitor the CPI Non-Food Non-Energy to gauge underlying inflation and make informed decisions regarding monetary policy and economic management.
Q: Are there update delays or limitations?
A: The CPI Non-Food Non-Energy data is updated monthly by the OECD, with a relatively short time lag. However, there may be variations in data collection and methodologies across member countries.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for OECD (OECDCPGRLE01GYM), retrieved from FRED.