Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Japan
JPNCP020000IXOBM • 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 goods over time, providing insight into consumer spending patterns and inflationary pressures.
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 CPI, which tracks the cost of a representative basket of consumer goods and services. This metric is widely used by policymakers, economists, and analysts to assess the cost of living and evaluate the effectiveness of monetary and fiscal policies.
Methodology
The data is collected through regular surveys of retailers and consumers across Japan.
Historical Context
This CPI trend is a key input for the Bank of Japan's monetary policy decisions and can influence consumer confidence and spending behavior.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in Japan has a base year of 2015.
- This index is published monthly by the Japanese Ministry of Internal Affairs and Communications.
- Tobacco products make up the largest component of this CPI subindex.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Japan measures changes in the prices of these consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into inflationary pressures and consumer spending patterns related to these products, which are relevant for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and consumers across Japan.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is a key input for the Bank of Japan's monetary policy decisions and can influence consumer confidence and spending behavior.
Q: Are there update delays or limitations?
A: This CPI subindex is published monthly, with a relatively short lag time between the data collection and publication.
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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 Japan (JPNCP020000IXOBM), retrieved from FRED.