Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Israel
ISRCP030000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.46
Year-over-Year Change
-2.20%
Date Range
1/1/1985 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Israel measures changes in the prices paid by consumers for apparel and related items. This metric is a key indicator of inflationary pressures in the Israeli 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 Clothing and Footwear CPI tracks the costs of a representative basket of consumer goods in this category, providing insights into price trends for a critical component of household expenditures. Economists and policymakers monitor this data to assess overall consumer inflation and inform monetary and fiscal policies.
Methodology
The data is collected through surveys of retail establishments and compiled by the Israeli Central Bureau of Statistics.
Historical Context
The Clothing and Footwear CPI is used to adjust wages, rents, and other contracts for inflation, and to evaluate the effectiveness of economic policies.
Key Facts
- The base year for the Clothing and Footwear CPI in Israel is 2015.
- Clothing and Footwear account for approximately 5% of the Israeli consumer price basket.
- Israel's Clothing and Footwear CPI reached an all-time high of 103.78 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Israel measures changes in the prices paid by consumers for apparel and related items.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into price trends for a critical component of household expenditures, helping economists and policymakers assess overall consumer inflation and inform monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is used to adjust wages, rents, and other contracts for inflation, and to evaluate the effectiveness of economic policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with occasional revisions to account for changes in the consumer basket.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Israel (ISRCP030000IXOBM), retrieved from FRED.