Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Israel
ISRCP010000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
-171.79%
Date Range
4/1/1970 - 7/1/2023
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages in Israel tracks changes in the prices of food and non-alcoholic drink purchases by Israeli consumers. This key economic indicator is closely monitored by policymakers and analysts to assess domestic inflation pressures.
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 Food and Non-Alcoholic Beverages CPI is a component of the broader Consumer Price Index (CPI) for Israel. It measures the weighted average change in prices for a fixed basket of food and non-alcoholic drink items commonly purchased by Israeli households. This subindex is a useful gauge of inflationary trends in a critical segment of consumer expenditure.
Methodology
The data is collected monthly through a nationwide survey of retail prices.
Historical Context
The Food and Beverages CPI informs monetary policy decisions by the Bank of Israel and provides context for the state of the domestic economy.
Key Facts
- The base year for this index is 2015 = 100.
- Food and non-alcoholic beverages account for over 18% of the Israeli CPI basket.
- Prices have risen by an average of 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages in Israel tracks changes in the retail prices of food and non-alcoholic drink purchases by Israeli consumers.
Q: Why is this trend relevant for users or analysts?
A: This subindex is a closely watched indicator of domestic inflationary pressures, providing important context for monetary policy decisions and the state of the Israeli economy.
Q: How is this data collected or calculated?
A: The data is collected monthly through a nationwide survey of retail prices.
Q: How is this trend used in economic policy?
A: The Food and Beverages CPI informs monetary policy decisions by the Bank of Israel and provides context for the overall state of the domestic economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insight into Israeli inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Israel (ISRCP010000GPQ), retrieved from FRED.