Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for OECD
OECDCP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.40
Year-over-Year Change
4.84%
Date Range
1/1/1970 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures changes in the prices paid by consumers for a basket of food and beverage items. This key economic indicator provides insights into inflation and consumer spending patterns.
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, which tracks changes in the prices of a representative basket of consumer goods and services. This sub-index focuses specifically on the prices of food and non-alcoholic drink items, offering a detailed view of this important consumer spending category.
Methodology
The data is collected through surveys of retail establishments and service providers, with prices aggregated to calculate the index.
Historical Context
The Food and Non-Alcoholic Beverages CPI is closely monitored by policymakers, central banks, and market analysts to assess inflationary pressures and consumer behavior.
Key Facts
- The Food and Non-Alcoholic Beverages CPI is a sub-index of the broader Consumer Price Index.
- Food and non-alcoholic beverages account for a significant portion of consumer spending.
- The index is used to track changes in the cost of living and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures changes in the prices paid by consumers for a basket of food and beverage items.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides valuable insights into inflationary pressures and consumer spending patterns, which are closely monitored by policymakers, central banks, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers, with prices aggregated to calculate the index.
Q: How is this trend used in economic policy?
A: The Food and Non-Alcoholic Beverages CPI is used by policymakers and central banks to assess inflationary pressures and make informed decisions about monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the time required to collect and analyze the price information.
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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 OECD (OECDCP010000IXOBM), retrieved from FRED.