Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Argentina
ARGCP020000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,633.73
Year-over-Year Change
477.04%
Date Range
1/1/2017 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Argentina tracks changes in the retail prices of these products. It is a key indicator for monitoring inflation 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 in Argentina is a subcomponent of the broader CPI basket. It measures the average change in prices paid by consumers for these goods over time, providing insight into the cost of living and inflationary pressures.
Methodology
The data is collected through surveys of retail outlets and calculated using a weighted average.
Historical Context
Economists and policymakers closely monitor this CPI subindex to understand trends in consumer demand and the broader inflationary environment.
Key Facts
- Argentina's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- The index is published monthly by the National Institute of Statistics and Censuses (INDEC).
- This CPI subindex accounts for approximately 3.5% of the total CPI basket in Argentina.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Argentina measures the average change in retail prices paid by consumers for these products.
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 goods, which are of interest to economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and calculated using a weighted average method.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this CPI subindex to understand trends in consumer demand and the broader inflationary environment, 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 Argentina is published monthly by the National Institute of Statistics and Censuses (INDEC), with potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Argentina (ARGCP020000IXNBQ), retrieved from FRED.