Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Israel
ISRCP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-144.36%
Date Range
2/1/1970 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Israel measures changes in the prices paid by consumers for a basket of these goods and services. This metric is a key indicator of inflation 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 CPI Food and Non-Alcoholic Beverages index tracks the change in prices for a representative basket of food and non-alcoholic drink items purchased by Israeli households. It is a major component of the overall CPI and is closely monitored by economists and policymakers.
Methodology
The data is collected through regular surveys of consumer prices by Israel's Central Bureau of Statistics.
Historical Context
Trends in this index help inform monetary and fiscal policies aimed at managing inflation and supporting household consumption.
Key Facts
- The base year for the CPI Food and Non-Alcoholic Beverages index is 2015.
- Food accounts for over 18% of the Israeli CPI basket.
- Prices in this index rose 5.4% year-over-year as of the latest report.
FAQs
Q: What does this economic trend measure?
A: The CPI for Food and Non-Alcoholic Beverages in Israel tracks changes in the prices paid by consumers for a representative basket of food and non-alcoholic drink items.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power, and is closely monitored by economists and policymakers in Israel.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Israel's Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Trends in this index help inform monetary and fiscal policies aimed at managing inflation and supporting household consumption in Israel.
Q: Are there update delays or limitations?
A: The CPI Food and Non-Alcoholic Beverages data is published on a monthly basis with a short lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Israel (ISRCP010000GPM), retrieved from FRED.