Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for United States
USACP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.07
Year-over-Year Change
-118.37%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures changes in the prices paid by consumers for a basket of food and beverage items. This trend 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 for Food and Non-Alcoholic Beverages is a subcomponent of the overall Consumer Price Index, which is one of the most widely followed measures of inflation in the United States. It tracks the prices of a representative basket of food and non-alcoholic drink items consumed by households.
Methodology
The data is collected through surveys of consumer expenditures and retail prices by the U.S. Bureau of Labor Statistics.
Historical Context
The CPI for Food and Beverages is used by policymakers, economists, and market analysts to understand consumer spending patterns and inflationary pressures.
Key Facts
- The CPI for Food and Beverages has a weight of approximately 13.9% in the overall U.S. CPI.
- Food price inflation has outpaced overall inflation in the U.S. over the past year.
- The index is seasonally adjusted to account for typical variations in food and beverage prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages measures changes in the prices paid by consumers for a basket of food and drink items.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflationary pressures and consumer purchasing power, helping policymakers and economists understand household spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The CPI for Food and Beverages is used by policymakers, economists, and market analysts to monitor inflation and consumer spending trends.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 2-3 weeks from the end of the reference period.
Related Trends
Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for United States
DDAM02USA156NWDB
International Trade: Imports: Value (Goods): Total for United States
XTIMVA01USA188S
Production: Industry: Total Industry Excluding Construction for United States
PRINTO01USQ659S
Private Credit by Deposit Money Banks to GDP for United States
DDDI01USA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States
USACPALTT01CTGYM
Consumer Price Index: All Items: Total for United States
CPALTT01USA657N
Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for United States (USACP010000GPM), retrieved from FRED.