Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Turkiye
TURCP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.85
Year-over-Year Change
-56.89%
Date Range
1/1/2006 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Turkiye measures changes in the prices paid by consumers for these products. It is a key indicator of inflation and consumer spending in this sector.
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 Consumer Price Index, which tracks the average change in prices paid by consumers across a basket of goods and services. This specific index focuses on the prices of alcoholic drinks, tobacco products, and narcotics in Turkiye.
Methodology
The data is collected through regular surveys of consumer prices by the Turkish Statistical Institute.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and consumer demand in the alcoholic beverages, tobacco, and narcotics sectors.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in Turkiye has a base year of 2015.
- This index is published monthly by the Turkish Statistical Institute.
- Alcoholic beverages, tobacco, and narcotics account for around 5% of the total CPI basket in Turkiye.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Turkiye measures the changes in the prices paid by consumers for these products.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending in the alcoholic beverages, tobacco, and narcotics sectors in Turkiye, which is relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and consumer demand in the alcoholic beverages, tobacco, and narcotics sectors, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics in Turkiye is published monthly with no significant update 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 Turkiye (TURCP020000GYM), retrieved from FRED.