Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for France
FRACPHP0100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-20.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices measures the change in prices for food and non-alcoholic beverages in France. It is a key indicator of consumer inflation and 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 Harmonized CPI Food and Non-Alcoholic Beverages index tracks the prices of a representative basket of food and drink items consumed by French households. It is part of the broader Harmonized Index of Consumer Prices (HICP) used to compare inflation across European Union countries.
Methodology
This index is calculated by France's National Institute of Statistics and Economic Studies (INSEE) based on monthly price surveys.
Historical Context
Policymakers and economists closely monitor the CPI Food and Beverages index to assess consumer price pressures and make informed monetary and fiscal decisions.
Key Facts
- The CPI Food and Beverages index accounts for about 16% of the total French HICP basket.
- Prices for food and non-alcoholic drinks have increased by an average of 2.5% annually in France over the past decade.
- The French CPI Food and Beverages index has a base year of 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Harmonized Prices: Food and Non-Alcoholic Beverages measures the change in retail prices for a basket of food and drink items consumed by French households.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and purchasing power in France, providing important insights for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The data is collected through monthly price surveys by France's National Institute of Statistics and Economic Studies (INSEE) and aggregated into the CPI Food and Beverages index.
Q: How is this trend used in economic policy?
A: The CPI Food and Beverages index is closely monitored by the European Central Bank and French government to assess consumer price pressures and make informed monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI Food and Beverages index is published monthly with a lag of approximately two weeks, providing timely data on French consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for France (FRACPHP0100GPM), retrieved from FRED.