Consumer Price Index: Food for Japan
JPNCPIFODMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.80
Year-over-Year Change
0.63%
Date Range
12/1/1955 - 5/1/2018
Summary
The Consumer Price Index: Food for Japan measures the changes in the prices of food items purchased by Japanese consumers. It serves as a key indicator of inflation and consumer purchasing power in the Japanese economy.
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 Consumer Price Index: Food for Japan is a subindex of the broader Japanese Consumer Price Index, focused specifically on the prices of food products. It is a widely referenced metric for tracking food price inflation and assessing the cost of living in Japan.
Methodology
The data is collected through surveys of consumer expenditures and retail prices across Japan.
Historical Context
Policymakers and economists use this index to inform monetary policy and assess the overall state of the Japanese economy.
Key Facts
- The base year for the index is 2015.
- Food accounts for around 25% of the Japanese CPI basket.
- The index reached a record high in 2022 amid global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Food for Japan measures the changes in the prices of food items purchased by Japanese consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of food price inflation and cost of living in Japan, which is important for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices across Japan.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform monetary policy and assess the overall state of the Japanese economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely information on food price trends in Japan.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Japan (JPNCPIFODMINMEI), retrieved from FRED.