Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for United States
USACP010000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
-74.76%
Date Range
1/1/1956 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages tracks changes in the prices paid by consumers for food and non-alcoholic drinks in the United States. This metric is a key indicator of inflationary pressures and consumer purchasing power.
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 overall Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This sub-index provides insight into price fluctuations for a crucial segment of household spending.
Methodology
The U.S. Bureau of Labor Statistics collects price data from retail outlets and service establishments to calculate the Food and Non-Alcoholic Beverages CPI.
Historical Context
Economists and policymakers closely monitor the Food and Non-Alcoholic Beverages CPI to assess changes in the cost of living and make informed decisions.
Key Facts
- The Food and Non-Alcoholic Beverages CPI is a sub-index of the overall U.S. Consumer Price Index.
- This metric is closely watched by economists and policymakers as an indicator of inflationary pressures.
- The CPI for Food and Non-Alcoholic Beverages is calculated monthly by the U.S. Bureau of Labor Statistics.
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 food and non-alcoholic drinks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer purchasing power, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from retail outlets and service establishments to calculate the Food and Non-Alcoholic Beverages CPI.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Food and Non-Alcoholic Beverages CPI to assess changes in the cost of living and make informed decisions about economic policy and interventions.
Q: Are there update delays or limitations?
A: The Food and Non-Alcoholic Beverages CPI is published monthly by the U.S. Bureau of Labor Statistics, with minimal delays.
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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 United States (USACP010000GYQ), retrieved from FRED.