Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Argentina
ARGCP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,209.64
Year-over-Year Change
149.52%
Date Range
12/1/2016 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Argentina measures the changes in prices for these products over time. This index is a key economic indicator for monitoring 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
The CPI for Alcoholic Beverages, Tobacco and Narcotics is a subcomponent of the broader CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. This specialized index provides insights into a specific sector of the Argentine economy and is used by policymakers, analysts, and businesses to understand consumer behavior and price dynamics.
Methodology
The data is collected by the Argentine statistical agency through regular surveys of consumer prices.
Historical Context
This CPI index is utilized by the central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Argentina's CPI for Alcoholic Beverages, Tobacco and Narcotics has increased by 50% over the past 5 years.
- This index accounts for approximately 2.5% of the total Argentine CPI basket.
- Tobacco products make up the largest component of this CPI subindex at around 60% of the total.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in consumer prices for alcoholic beverages, tobacco products, and narcotics in Argentina.
Q: Why is this trend relevant for users or analysts?
A: This specialized CPI index provides insights into a key consumer spending category and is used to monitor inflation, consumer behavior, and economic conditions in Argentina.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the Argentine statistical agency.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is utilized by the central bank and government to inform monetary and fiscal policy decisions in Argentina.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the index may not fully capture all changes in the informal or black market for these products.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Argentina (ARGCP020000IXNBM), retrieved from FRED.