Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Spain
ESPCP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.55
Year-over-Year Change
2.41%
Date Range
1/1/1959 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Spain measures the change in prices for these essential household goods over time. This provides valuable insights into consumer spending patterns and inflationary pressures in the Spanish economy.
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 is a sub-index of the overall Consumer Price Index, which tracks the average change in prices paid by households for a basket of consumer goods and services. This specific index focuses on the price fluctuations in the food and non-alcoholic beverage category, which is a significant portion of household budgets.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and analysts use this index to assess the impact of food and beverage prices on overall inflation and cost of living.
Key Facts
- Food and non-alcoholic beverages account for about 20% of the Consumer Price Index in Spain.
- The CPI for this category has increased by an average of 2.5% annually over the past decade.
- Spain's CPI for food and non-alcoholic drinks is closely monitored by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Spain measures the change in prices for these essential household goods over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer spending patterns and inflationary pressures in the Spanish economy, which is crucial information for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of food and beverage prices on overall inflation and cost of living in Spain.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Spain is published monthly with minimal delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Spain (ESPCP010000IXOBM), retrieved from FRED.