Consumer Price Index: Clothing and Footwear (COICOP 03): Total for France
FRACP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.06
Year-over-Year Change
1.89%
Date Range
1/1/1990 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in France measures changes in the prices paid by consumers for a basket of apparel and shoe items. This economic indicator is closely watched by policymakers to understand consumer spending and inflationary trends.
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 CPI for Clothing and Footwear in France tracks the prices of a representative sample of clothing, footwear, and related goods purchased by French households. It is a key component of the overall CPI, which is the primary measure of inflation used by the European Central Bank to guide monetary policy.
Methodology
The French National Institute of Statistics and Economic Studies (INSEE) collects price data from retail outlets to calculate this index.
Historical Context
The CPI for Clothing and Footwear is an important input for evaluating consumer spending patterns and the broader inflationary environment in France.
Key Facts
- The CPI for Clothing and Footwear accounts for about 4.5% of the total French CPI basket.
- Clothing prices have a higher seasonal volatility compared to the overall CPI.
- French consumers spend an average of €1,700 per year on apparel and footwear.
FAQs
Q: What does this economic trend measure?
A: The CPI for Clothing and Footwear in France measures the change in prices paid by consumers for a basket of apparel, footwear, and related items.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into consumer spending patterns and inflationary pressures in the French economy, which is valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The French National Institute of Statistics and Economic Studies (INSEE) collects price data from retail outlets to calculate this index.
Q: How is this trend used in economic policy?
A: The CPI for Clothing and Footwear is a key input for the European Central Bank's monetary policy decisions, as it helps gauge overall inflationary dynamics in France.
Q: Are there update delays or limitations?
A: The CPI for Clothing and Footwear in France is published monthly with a typical lag of 2-3 weeks from the end of the reference period.
Related Trends
Amount Outstanding of Total Debt Securities in Financial Corporations Sector, All Maturities, Residence of Issuer in France
TDSAMRIAOFCFR
International Merchandise Trade Statistics: Imports: Commodities for France
XTIMVA01FRQ657S
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for France
FRACP040400GPM
Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for France
LREM55TTFRA156S
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for France
LFIN74TTFRQ647S
Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for France
SRVRPPFRM086NEST
Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for France (FRACP030000IXNBM), retrieved from FRED.