Import Price Index by Origin (NAICS): Beverage and Tobacco Product Manufacturing for Industrialized Countries
COINDUSZ312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.40
Year-over-Year Change
-7.95%
Date Range
12/1/2019 - 7/1/2025
Summary
The Import Price Index by Origin (NAICS): Beverage and Tobacco Product Manufacturing for Industrialized Countries tracks changes in the prices of imported beverages and tobacco products from industrialized nations. This metric is a key indicator of inflation and international trade dynamics.
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
This series measures the price movements of imported beverages and tobacco products from industrialized countries as classified by the North American Industry Classification System (NAICS). The index is used by economists and policymakers to monitor the impact of global supply chains and exchange rates on domestic consumer prices.
Methodology
The data is collected through surveys of importers and calculated as a weighted average price index.
Historical Context
This trend provides insight into the cost pressures facing the U.S. beverage and tobacco industries from international trade.
Key Facts
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- Prices are tracked for over 1,000 imported commodity items.
- The index has a base year of 2000 = 100.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Beverage and Tobacco Product Manufacturing for Industrialized Countries measures changes in the prices of imported beverages and tobacco products from industrialized nations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into global trade dynamics and inflationary pressures facing the U.S. beverage and tobacco industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated as a weighted average price index.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor the impact of international trade on domestic consumer prices and make informed decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Beverage and Tobacco Product Manufacturing for Industrialized Countries (COINDUSZ312), retrieved from FRED.