Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for G7
G7CP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.17
Year-over-Year Change
3.14%
Date Range
1/1/1970 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in the G7 countries measures the changes in prices paid by consumers for this key expenditure category.
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 CPI series tracks the inflation rate for food and non-alcoholic beverage purchases by households in the Group of Seven (G7) major advanced economies. It is a crucial economic indicator used by policymakers and analysts to assess overall consumer price trends and cost-of-living pressures.
Methodology
The data is collected through surveys of households and retailers in the G7 countries.
Historical Context
Central banks and governments closely monitor the CPI for Food and Non-Alcoholic Beverages to inform monetary and fiscal policies.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Food and non-alcoholic beverages account for around 15-20% of the typical household consumption basket.
- The CPI for this category is a leading indicator of overall inflation trends in the G7 economies.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in the G7 countries measures the changes in prices paid by consumers for this key expenditure category.
Q: Why is this trend relevant for users or analysts?
A: This CPI series is a crucial economic indicator used by policymakers and analysts to assess overall consumer price trends and cost-of-living pressures in the major advanced economies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and retailers in the G7 countries.
Q: How is this trend used in economic policy?
A: Central banks and governments closely monitor the CPI for Food and Non-Alcoholic Beverages to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag and provides a timely gauge of inflationary pressures in the G7 economies.
Related Trends
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for G7
G7LFWA64TTSTSAQ
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTM
Balance of Payments: Secondary Income: Balance (Revenue Minus Expenditure) for G7
G7B6BLSI01CXCUQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 24 Years for G7
G7LFWA24FESTQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for G7
G7LFEM55MAGPSAQ
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for G7 (G7CP010000IXOBM), retrieved from FRED.