Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total
Quarterly
OECDCP010000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.57
Year-over-Year Change
29.77%
Date Range
1/1/1970 - 7/1/2023
Summary
The Quarterly Indicator tracks the Organization for Economic Cooperation and Development's (OECD) composite leading indicator, which is a key metric for assessing the economic outlook and business cycle changes in the United States.
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 OECD Composite Leading Indicator (CLI) is a forward-looking index that signals turning points in economic activity. It is used by policymakers and analysts to anticipate and monitor economic fluctuations.
Methodology
The data is calculated based on a range of economic variables including employment, orders, production, and stock prices.
Historical Context
This indicator provides valuable insights into the overall health and direction of the U.S. economy.
Key Facts
- The OECD CLI has been published monthly since 1962.
- It covers 33 OECD member countries and 6 non-member economies.
- The index aims to provide early signals of turning points in economic activity.
FAQs
Q: What does this economic trend measure?
A: The OECD Composite Leading Indicator tracks a basket of economic variables to provide early signals of turning points in the business cycle.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator is widely used by policymakers, investors, and economists to anticipate and monitor economic fluctuations and assess the overall economic outlook.
Q: How is this data collected or calculated?
A: The data is calculated based on a range of economic variables including employment, orders, production, and stock prices.
Q: How is this trend used in economic policy?
A: The OECD CLI provides valuable insights into the business cycle, helping policymakers and analysts assess the current state and future direction of the economy.
Q: Are there update delays or limitations?
A: The OECD CLI is published monthly, with some lag in the availability of the latest data.
Related Trends
Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 64 Years for OECD
OECDLRIN64MASTSAQ
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for OECD
OECDLFEM64TTSTSAQ
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for OECD
OECDLREM64FESTSAQ
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for OECD
OECDLREMTTFESTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for OECD
OECDLRHU24TTSTSAM
Balance of Payments: Services: Revenue for OECD
OECDB6CRSE01CXCUQ
Citation
U.S. Federal Reserve, OECD Composite Leading Indicator (OECDCP010000IXNBQ), retrieved from FRED.