Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Austria
AUTCP020000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
2.61%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Austria measures the changes in prices of these consumer goods over time, providing insights into inflationary trends in this specific category.
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 Consumer Price Index, which is a key economic indicator used to assess the overall cost of living and inflation. This series helps policymakers and analysts understand changes in consumer spending patterns and the impact on household budgets.
Methodology
The data is collected by the Austrian statistical agency through surveys of retailers and service providers.
Historical Context
This CPI series is widely used by central banks, governments, and economic analysts to inform monetary and fiscal policy decisions.
Key Facts
- Austria's CPI for Alcoholic Beverages, Tobacco and Narcotics has increased by 10% over the past 5 years.
- This CPI component accounts for approximately 4% of the total Austrian Consumer Price Index.
- Prices in this category are influenced by changes in excise taxes and regulations.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures the changes in prices of these consumer goods in Austria over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI series is an important indicator of inflationary pressures and consumer spending patterns in the alcohol, tobacco, and narcotics market, which is relevant for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian statistical agency through surveys of retailers and service providers.
Q: How is this trend used in economic policy?
A: This CPI series is widely used by central banks, governments, and economic analysts to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis, with a short delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Austria (AUTCP020000CTGYM), retrieved from FRED.