Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for United States
USACP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.01
Year-over-Year Change
-21.49%
Date Range
1/1/2011 - 10/1/2024
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in the United States measures the change in prices for these consumer goods over time. This important economic indicator provides insights into inflationary pressures and consumer spending patterns.
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 sub-component of the overall Consumer Price Index, which tracks the prices of a basket of consumer goods and services. This particular index focuses on the prices of alcoholic drinks, tobacco products, and narcotics, offering a granular view of changes in these categories.
Methodology
The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this CPI sub-index to assess the impact of price changes in these categories on overall inflation and consumer behavior.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics is a component of the overall U.S. Consumer Price Index.
- This index has been published by the U.S. Bureau of Labor Statistics since 1999.
- Prices for alcoholic drinks, tobacco, and narcotics can have a significant impact on overall consumer spending and inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures the change in prices for these consumer goods over time in the United States.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides important insights into inflationary pressures and consumer spending patterns, particularly in the categories of alcoholic drinks, tobacco, and narcotics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI sub-index to assess the impact of price changes in these categories on overall inflation and consumer behavior, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay in data availability.
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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 United States (USACP020000GYQ), retrieved from FRED.