Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Germany
DEUCPHP0100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-53.85%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Germany measures changes in the prices of food and non-alcoholic beverages paid by German consumers. This key indicator provides insight into 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
This monthly index tracks the prices of a comprehensive basket of food and non-alcoholic drink items typically consumed by German households. It is a critical component of the overall Harmonized Index of Consumer Prices (HICP) used to assess cost-of-living changes across the Eurozone.
Methodology
The data is collected through surveys of consumer expenditures and retail prices by Germany's Federal Statistical Office.
Historical Context
This index informs monetary policy decisions by the European Central Bank and is closely monitored by economists, businesses, and consumers.
Key Facts
- Germany's food and non-alcoholic beverage prices account for over 10% of the HICP.
- This index has increased by an average of 2.5% annually over the past decade.
- Policymakers closely monitor this indicator for signs of broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of food and non-alcoholic beverages purchased by German consumers.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides critical insight into inflationary pressures and consumer purchasing power, informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices by Germany's Federal Statistical Office.
Q: How is this trend used in economic policy?
A: This index is a key component of the Eurozone's Harmonized Index of Consumer Prices, which informs monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of 2-3 weeks.
Related Trends
Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Germany
CRDQDEBPABIS
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Germany
LRUN55TTDEQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Germany
DEUCP010000CTGYM
Central government debt, total (% of GDP) for Azerbaijan
DEBTTLAZA188A
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Germany
DEUCP080000GYM
Liquid Assets to Deposits and Short Term Funding for Germany
DDSI06DEA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Germany (DEUCPHP0100GPM), retrieved from FRED.