Harmonized Index of Consumer Prices: Alcoholic Beverages, Tobacco and Narcotics for Czech Republic
CP0200CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.90
Year-over-Year Change
4.14%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Alcoholic Beverages, Tobacco and Narcotics tracks the prices of these products in the Czech Republic. This economic indicator is crucial 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 HICP is a European Union-wide measure of consumer price inflation, harmonized across countries to allow for cross-national comparisons. The Alcoholic Beverages, Tobacco and Narcotics component provides insights into a specific basket of goods and their price trends over time.
Methodology
The data is collected through consumer surveys and retail price observations.
Historical Context
This index is used by policymakers, economists, and market analysts to assess economic conditions and inform decisions.
Key Facts
- The HICP is a key indicator of the European Central Bank's monetary policy.
- Alcoholic beverages, tobacco, and narcotics account for about 4% of the total Czech consumer basket.
- The HICP data is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Alcoholic Beverages, Tobacco and Narcotics measures the price changes of these products in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures related to these goods, which are crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations.
Q: How is this trend used in economic policy?
A: The HICP data is used by policymakers, economists, and market analysts to assess economic conditions and inform decisions, particularly regarding monetary policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Alcoholic Beverages, Tobacco and Narcotics for Czech Republic (CP0200CZM086NEST), retrieved from FRED.