Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Czechia
CZECP020000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-71.83%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Czechia measures the change in prices for these consumer goods over time. This trend is a key indicator of inflation and consumer spending patterns in the Czech economy.
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 part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of consumer price inflation in the European Union. This subindex provides insights into a specific segment of household consumption that is closely watched by economists and policymakers.
Methodology
The data is collected through regular surveys of retail prices in Czechia.
Historical Context
Trends in this CPI subindex are used to inform monetary policy decisions and assess changes in consumer purchasing power.
Key Facts
- Czechia's CPI for Alcoholic Beverages, Tobacco and Narcotics has risen by 4.2% over the past year.
- This subindex accounts for approximately 4% of the total Czech consumer price basket.
- Alcohol and tobacco taxes are a significant source of government revenue in Czechia.
FAQs
Q: What does this economic trend measure?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics measures the change in prices for these consumer goods in Czechia over time.
Q: Why is this trend relevant for users or analysts?
A: This subindex provides insights into a specific segment of household consumption that is closely watched by economists and policymakers to assess inflationary pressures and changes in consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices in Czechia.
Q: How is this trend used in economic policy?
A: Trends in this CPI subindex are used to inform monetary policy decisions and assess changes in consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI data is published on a monthly basis with a typical 1-2 month lag.
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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 Czechia (CZECP020000CTGYM), retrieved from FRED.