Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for France
Index source base, Monthly
FRACP010000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.98
Year-over-Year Change
7.89%
Date Range
1/1/1970 - 11/1/2023
Summary
The Index Source Base, Monthly measures changes in the price level of a basket of goods and services that consumers purchase. It is a key indicator of inflation and consumer purchasing power in the United States.
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 Index Source Base, Monthly is a price index that tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. It is used by economists, policymakers, and the public to gauge the overall rate of inflation in the U.S. economy.
Methodology
The data is collected through surveys of consumer expenditures and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
The Index Source Base, Monthly is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The base year for the Index Source Base is 2019.
- The index is calculated using a fixed-basket approach.
- The Index Source Base is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base, Monthly measures changes in the prices of a representative basket of consumer goods and services. It is a key indicator of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Index Source Base, Monthly is a crucial metric for understanding consumer purchasing power and informing monetary policy decisions. It is closely watched by economists, policymakers, and the public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index Source Base, Monthly is used by the Federal Reserve and other institutions to monitor inflation and inform monetary policy decisions, such as adjusting interest rates.
Q: Are there update delays or limitations?
A: The Index Source Base, Monthly is released on a monthly basis by the U.S. Bureau of Labor Statistics, with a short lag time. There are no major known limitations to the data.
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Citation
U.S. Federal Reserve, Index Source Base, Monthly (FRACP010000IXNBM), retrieved from FRED.