Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for United States
USACP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.80
Year-over-Year Change
2.09%
Date Range
1/1/1955 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages tracks changes in the prices paid by consumers for food and beverage items in the United States. 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 for Food and Non-Alcoholic Beverages is a component of the overall Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This subcategory focuses specifically on food and non-alcoholic drink prices, providing valuable insights into a major household expenditure.
Methodology
The data is collected through surveys of retail establishments and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this CPI component to assess consumer spending patterns and inflationary pressures.
Key Facts
- The CPI for Food and Non-Alcoholic Beverages accounts for about 14% of the overall U.S. CPI.
- Food price inflation reached a 40-year high of 11.4% in 2022.
- This CPI component is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The CPI for Food and Non-Alcoholic Beverages measures the average change in prices paid by consumers for food and non-alcoholic drink items in the United States.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides valuable insights into inflationary pressures and consumer spending on a key household expenditure category.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess consumer spending patterns and inflationary pressures, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages is published monthly with a short delay, providing timely data on this important economic indicator.
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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 United States (USACP010000IXOBM), retrieved from FRED.