Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Argentina
ARGCP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.38
Year-over-Year Change
-82.21%
Date Range
12/1/2017 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Argentina measures changes in the prices paid by consumers for these products over time. This metric is a key indicator of inflationary trends and consumer spending patterns in the country.
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 part of the broader Consumer Price Indices (CPIs) and Harmonized Indices of Consumer Prices (HICPs) framework. It tracks price movements for a basket of these consumer goods and services, which are essential for understanding the cost of living and overall economic conditions.
Methodology
The data is collected through regular surveys of prices paid by consumers at retail outlets across Argentina.
Historical Context
Policymakers and economists closely monitor this CPI subindex to assess the impact of changes in consumer spending and inflationary pressures.
Key Facts
- Argentina's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 1999.
- This subindex represents approximately 4.2% of the total CPI basket in Argentina.
- Prices in this category have risen by an average of 45% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Argentina measures the changes in prices paid by consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is an important indicator of inflationary pressures and consumer spending patterns in Argentina, providing valuable insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices paid by consumers at retail outlets across Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this CPI subindex to assess the impact of changes in consumer spending and inflationary pressures, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data for Argentina is published on a monthly basis, with a typical 2-3 week delay from the end of the reference period.
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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 Argentina (ARGCP020000GYM), retrieved from FRED.