Consumer Price Index: Food for Finland
Annual
FINCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.33
Year-over-Year Change
25.48%
Date Range
1/1/1956 - 1/1/2017
Summary
The Annual Consumer Price Index for Food and Energy tracks the year-over-year change in U.S. consumer prices, excluding volatile food and energy components. This metric provides insight into underlying inflation trends.
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 Annual Consumer Price Index for Food and Energy is a key indicator used by economists and policymakers to assess the core rate of inflation in the U.S. economy. It helps filter out short-term price fluctuations and focus on more persistent inflationary pressures.
Methodology
The data is calculated monthly by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Historical Context
The Federal Reserve closely monitors this index as part of its mandate to maintain stable prices and full employment.
Key Facts
- The index is published monthly.
- It excludes volatile food and energy prices.
- The Federal Reserve targets 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for Food and Energy measures the year-over-year change in U.S. consumer prices, excluding the volatile food and energy components.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into underlying inflation trends, helping economists and policymakers assess the core rate of inflation in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated monthly by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this index as part of its mandate to maintain stable prices and full employment.
Q: Are there update delays or limitations?
A: The index is published monthly, with no significant update delays.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Finland
CPGREN01FIA659N
Business Tendency Surveys: Rate of Capacity Utilisation: Economic Activity: Manufacturing: Current for Finland
BSCURT02FIQ160S
Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Finland
PITGCD01FIQ661N
International Trade: Net Trade: Value (Goods): Total for Finland
FINXTNTVA01STSAQ
International Merchandise Trade Statistics: Trade Balance: Commodities for Finland
FINXTNTVA01CXMLM
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Finland
CSINFT02FIM460S
Citation
U.S. Federal Reserve, Annual Consumer Price Index for Food and Energy (FINCPIFODAINMEI), retrieved from FRED.