Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Japan
JPNCP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.70
Year-over-Year Change
2.64%
Date Range
1/1/1970 - 6/1/2021
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Japan measures changes in the prices of these products over time. This metric is important for economists and policymakers to understand consumer spending patterns and inflationary pressures 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
The CPI for Alcoholic Beverages, Tobacco and Narcotics is a subcomponent of the overall Consumer Price Index, which tracks the weighted average change in prices paid by consumers for a basket of goods and services. This specific CPI index provides insight into price movements within the alcohol, tobacco, and narcotics sector of the Japanese market.
Methodology
The data is collected by Japan's Statistics Bureau through surveys of consumer expenditures.
Historical Context
Policymakers and analysts use this CPI data to monitor inflation and consumer behavior.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in Japan has a base year of 2015.
- Alcoholic beverages account for the largest share of this CPI component.
- Japan's CPI for this sector has risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices of alcoholic beverages, tobacco products, and narcotics in Japan over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI index provides important insights into inflationary pressures and consumer spending patterns within the alcohol, tobacco, and narcotics sector of the Japanese economy.
Q: How is this data collected or calculated?
A: The data is collected by Japan's Statistics Bureau through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI data to monitor inflation and consumer behavior, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks or months between the reference period and the release of this CPI data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Japan (JPNCP020000IXNBM), retrieved from FRED.