Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Japan
JPNCP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-2.57%
Date Range
2/1/1970 - 6/1/2021
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Japan measures changes in the prices of these products over time. This provides valuable insights into consumer spending patterns and inflation trends in the Japanese 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
This economic indicator tracks the average change in prices for a basket of alcoholic beverages, tobacco, and narcotics purchased by Japanese consumers. It is a component of the broader Consumer Price Index and is used to assess the cost of living and inflationary pressures in the country.
Methodology
The data is collected through surveys of retail establishments and households in Japan.
Historical Context
Policymakers and analysts use this index to understand broader trends in consumer spending and the overall rate of inflation.
Key Facts
- The index is based on 2015 as the base year.
- Alcoholic beverages account for the largest share of this index.
- Prices in this category have risen faster than the overall CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures changes in the prices of alcoholic beverages, tobacco, and narcotics purchased by consumers in Japan.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending patterns and inflationary pressures in Japan, which are important for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households in Japan.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand broader trends in consumer spending and the overall rate of inflation in the Japanese economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Japan (JPNCP020000GPM), retrieved from FRED.