Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Israel
ISRCP010000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.90
Year-over-Year Change
14.47%
Date Range
1/1/1970 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Israel measures changes in the prices paid by consumers for this essential spending category. It is a key indicator of household purchasing power and a crucial input for economic policymaking.
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 tracks the monthly price changes of a representative basket of food and non-alcoholic drink items consumed by Israeli households. It is an important gauge of inflationary pressures and consumer affordability within the broader economy.
Methodology
The data is collected through surveys of retailers and service providers across Israel.
Historical Context
Policymakers and analysts use this CPI component to assess the cost of living, monitor inflation, and inform decisions on monetary and fiscal policies.
Key Facts
- The base year for this CPI series is 2015.
- Food and non-alcoholic beverages account for over 18% of the total Israeli CPI basket.
- Israel's CPI for this category has risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Israel measures monthly changes in the prices paid by consumers for this essential spending category.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a crucial indicator of inflationary pressures and consumer affordability, informing economic policymaking and household budgeting decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Israel.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess the cost of living, monitor inflation, and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 2-week lag from the reference period.
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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 Israel (ISRCP010000IXOBQ), retrieved from FRED.