Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for France
FRACP010000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-129.67%
Date Range
4/1/1970 - 7/1/2023
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages measures changes in the prices paid by French consumers for these essential goods over time. This metric is a key indicator of cost-of-living and inflation trends in France.
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 Food and Non-Alcoholic Beverages CPI is a subindex of the overall French Consumer Price Index. It tracks price movements for a representative basket of food and non-alcoholic drink products purchased by households, providing insight into a major component of consumer expenditure.
Methodology
The data is collected monthly through surveys of retail establishments by the French National Institute of Statistics and Economic Studies (INSEE).
Historical Context
This inflation gauge is closely monitored by the European Central Bank and French policymakers to inform monetary and fiscal policy decisions.
Key Facts
- France's Food and Non-Alcoholic Beverages CPI has a base year of 2015 = 100.
- This index accounts for over 15% of the total French CPI basket.
- Prices for this category have risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Food and Non-Alcoholic Beverages CPI measures the change in retail prices for a representative basket of food and non-alcoholic drink products purchased by French households.
Q: Why is this trend relevant for users or analysts?
A: This inflation gauge provides important insights into a major component of consumer spending and cost-of-living in France, informing economic policy and household budgeting decisions.
Q: How is this data collected or calculated?
A: The data is collected monthly through surveys of retail establishments by the French National Institute of Statistics and Economic Studies (INSEE).
Q: How is this trend used in economic policy?
A: The Food and Non-Alcoholic Beverages CPI is closely monitored by the European Central Bank and French policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week lag, providing timely insights into this important component of consumer inflation.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for France (FRACP010000GPQ), retrieved from FRED.