Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Canada
CANCP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
-76.73%
Date Range
1/1/2016 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Canada measures changes in prices for these products over time. 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 overall Canadian Consumer Price Index. It tracks the prices of products like beer, wine, liquor, cigarettes, and other tobacco or drug-related goods. This metric is closely monitored by economists and policymakers to understand consumer behavior and inflationary pressures.
Methodology
The data is collected through surveys of retailers and service providers across Canada.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics helps inform monetary and fiscal policy decisions.
Key Facts
- Canada's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2002.
- This index accounts for around 5% of the total Canadian CPI basket.
- Prices in this category have risen by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures changes in prices for these products in Canada over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers to understand consumer behavior and inflationary pressures in this sector of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Canada.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics helps inform monetary and fiscal policy decisions in Canada.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week lag.
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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 Canada (CANCP020000GYQ), retrieved from FRED.