Harmonized Index of Consumer Prices: Tobacco for European Union
CP0220EUCCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.91
Year-over-Year Change
6.34%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Tobacco in the European Union tracks changes in the prices of tobacco products. This key indicator provides insights into consumer spending and inflation trends.
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 HICP for Tobacco measures the changes in the prices of tobacco products, including cigarettes, cigars, and other smoking tobacco. It is a critical component of the broader HICP, which is used to assess the overall cost of living and monitor price stability in the EU.
Methodology
The data is collected through surveys of consumer prices across the European Union.
Historical Context
This index is used by policymakers and economists to analyze consumer behavior and the impact of tobacco taxation and regulation.
Key Facts
- Tobacco products account for approximately 2% of the HICP basket.
- Prices of tobacco products are heavily influenced by taxation and regulation.
- The HICP for Tobacco has risen faster than overall consumer prices in the EU in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Tobacco measures the changes in the prices of tobacco products, including cigarettes, cigars, and other smoking tobacco, in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Tobacco is a critical component of the broader HICP, which is used to assess the overall cost of living and monitor price stability in the EU. It provides insights into consumer spending and inflation trends related to tobacco products.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across the European Union.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and economists to analyze consumer behavior and the impact of tobacco taxation and regulation.
Q: Are there update delays or limitations?
A: The HICP data is typically released on a monthly basis, with a short delay of a few weeks. The data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for European Union (CP0220EUCCM086NEST), retrieved from FRED.