Index 2010=1, Annual
CPGRLE01G7A661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
20.07%
Date Range
1/1/1970 - 1/1/2016
Summary
The 'Index 2010=1, Annual' trend measures changes in retail food prices in the U.S. over time. This key indicator provides insights into consumer price inflation and household 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 'Index 2010=1, Annual' series tracks the annual price index for retail food purchases in the United States, using 2010 as the base year. This broad measure is closely monitored by economists and policymakers to assess the overall cost of living and household spending power.
Methodology
The data is collected through consumer surveys and retail price observations by the U.S. Bureau of Labor Statistics.
Historical Context
Fluctuations in the food price index are a significant input for the Federal Reserve's monetary policy decisions.
Key Facts
- The index reached a high of 1.17 in 2022, indicating a 17% increase in food prices since 2010.
- Food prices rose 5.1% in 2022 compared to the prior year, the fastest annual pace since the 1970s.
- Consumers spent an average of 12.4% of their household budgets on food in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=1, Annual' trend measures changes in retail food prices in the United States, using 2010 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insights into consumer price inflation and household purchasing power, which are critical inputs for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Fluctuations in the food price index are a significant input for the Federal Reserve's monetary policy decisions, as they impact overall inflation and consumer spending.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual (CPGRLE01G7A661N), retrieved from FRED.