Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for OECD
OECDCP010000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.56
Year-over-Year Change
-48.31%
Date Range
1/1/1971 - 1/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for OECD measures the changes in consumer prices for food and non-alcoholic beverages across OECD countries. This metric is crucial for policymakers and economists to assess inflation and consumer spending patterns.
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 index tracks the prices of a basket of food and non-alcoholic beverage items representative of household consumption in OECD nations. It is a key component of the broader consumer price index used to measure overall inflation and cost of living changes.
Methodology
The data is collected through household surveys and retail price monitoring across OECD member states.
Historical Context
Policymakers and central banks closely monitor this food and beverage CPI to gauge inflationary pressures and inform monetary and fiscal policy decisions.
Key Facts
- Food and non-alcoholic beverages account for over 15% of the OECD consumer price index basket.
- The food and beverage CPI has risen at an average annual rate of 2.5% across OECD countries since 2010.
- Monitoring this index helps central banks assess cost-of-living changes and adjust monetary policy accordingly.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in consumer prices for a basket of food and non-alcoholic beverage items across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: The food and beverage CPI is a crucial indicator of inflationary pressures and consumer spending patterns, informing policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail price monitoring across OECD member states.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this CPI to gauge inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays, providing timely insights into OECD consumer price dynamics.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for OECD (OECDCP010000GYQ), retrieved from FRED.