Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Ireland
IRLCP020000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
-62.31%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Ireland measures changes in the retail prices of these products over time. This key economic indicator provides insights into consumer spending patterns and inflation trends.
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 Irish Consumer Price Index. It tracks price movements of these consumer goods, which are important for understanding overall household expenditure and the cost of living in Ireland.
Methodology
The data is collected through surveys of retailers and service providers across Ireland.
Historical Context
Policymakers and economists monitor this CPI subindex to assess the impacts of changes in consumer behavior, taxation, and market conditions.
Key Facts
- Ireland's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 1999.
- This subindex accounts for approximately 10% of the total Irish Consumer Price Index.
- Prices in this category can be impacted by changes in excise taxes and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Ireland measures the change in retail prices for these consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into inflation, consumer spending patterns, and the overall cost of living in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this CPI subindex to assess the impacts of changes in consumer behavior, taxation, and market conditions.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis with minimal publication delays.
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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 Ireland (IRLCP020000CTGYM), retrieved from FRED.