Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Turkiye
TURCPHP0200IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,058.58
Year-over-Year Change
46.74%
Date Range
1/1/1996 - 3/1/2025
Summary
This economic trend measures the consumer price index (CPI) for alcoholic beverages, tobacco, and narcotics in Turkiye. It provides insights into the inflationary pressures affecting a key component of consumer spending.
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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking changes in the prices paid by consumers for a basket of goods and services. The COICOP 1999 CPI for alcoholic beverages, tobacco, and narcotics specifically monitors price movements in this category, which is an important indicator of consumer behavior and market dynamics.
Methodology
The data is collected through surveys of retail prices and compiled by the Turkiye Statistical Institute.
Historical Context
This CPI trend is closely monitored by policymakers, economists, and market analysts to assess inflationary pressures and inform economic decision-making.
Key Facts
- Turkiye's CPI for alcoholic beverages, tobacco, and narcotics reached a record high in 2022.
- This CPI category accounts for over 5% of the total consumer spending basket in Turkiye.
- Prices in this sector have been a significant driver of overall inflation in Turkiye in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consumer price index (CPI) for alcoholic beverages, tobacco, and narcotics in Turkiye. It tracks changes in the prices paid by consumers for these products.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides insights into inflationary pressures affecting a key component of consumer spending, which is crucial for understanding the broader economic landscape in Turkiye.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and compiled by the Turkiye Statistical Institute.
Q: How is this trend used in economic policy?
A: This CPI trend is closely monitored by policymakers, economists, and market analysts to assess inflationary pressures and inform economic decision-making in Turkiye.
Q: Are there update delays or limitations?
A: The CPI data is published regularly by the Turkiye Statistical Institute, but there may be occasional delays or revisions to the information.
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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 (TURCPHP0200IXOBM), retrieved from FRED.