Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Australia
AUSCP010000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.78
Year-over-Year Change
15.34%
Date Range
1/1/1955 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Australia measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items. This metric is a key indicator of inflation 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 CPI for Food and Non-Alcoholic Beverages in Australia is a component of the broader CPI, which tracks the average change in prices paid by consumers for a representative basket of goods and services. This specific index focuses on changes in food and non-alcoholic beverage prices, providing insights into a crucial segment of household spending.
Methodology
The data is collected through surveys of prices paid by consumers at retail outlets across Australia.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and the overall cost of living for Australian households.
Key Facts
- Australia's CPI for Food and Non-Alcoholic Beverages has a base year of 1999.
- This index accounts for approximately 16% of the total CPI basket in Australia.
- Prices for food and non-alcoholic beverages have a significant impact on household budgets.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Australia measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer purchasing power, providing insights into a crucial segment of household spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at retail outlets across Australia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and the overall cost of living for Australian households.
Q: Are there update delays or limitations?
A: The data is published regularly by the Australian Bureau of Statistics, with potential delays or limitations depending on the availability of price survey information.
Related Trends
Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Normalised for Australia
AUSLOCOBPNOSTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
CPGREN01AUQ659N
International Trade: Exports: Value (Goods): Total for Australia
XTEXVA01AUQ188S
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Australia
AUSFCLODCHXDC
Commercial Real Estate Prices for Australia
COMREPAUQ159N
Central Bank Assets to GDP for Australia
DDDI06AUA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Australia (AUSCP010000IXOBQ), retrieved from FRED.