Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Czechia
CZECP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.13
Year-over-Year Change
-27.85%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Czechia measures the price changes of these goods over time, providing insight into consumer spending patterns and inflation dynamics.
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
This CPI component tracks the prices of alcoholic drinks, tobacco products, and narcotics purchased by Czech consumers. It is a key indicator used by economists and policymakers to analyze consumer behavior, cost of living, and the broader state of the Czech economy.
Methodology
The data is collected through regular price surveys of a representative basket of goods and services.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics is closely monitored by the Czech National Bank and other institutions to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- Czechia's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 1999.
- This CPI component accounts for around 4% of the overall Czech consumer price index.
- Tobacco products typically make up the largest share of this CPI category in Czechia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Czechia measures the price changes of these goods over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides important insights into consumer spending patterns and inflationary pressures in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is closely monitored by the Czech National Bank and other institutions to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with typical update delays of 1-2 months.
Related Trends
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Czechia
LFEMTTFECZA647N
People 15 Years and Over Saving at a Financial Institution in the Past Year for Czech Republic
DDAI06CZA156NWDB
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Czechia
LFEAICTTCZA647S
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Czechia
LRUN24TTCZQ156S
Liquid Liabilities (Broad Money) for Czech Republic
DDOI07CZA648NWDB
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 64 Years for Czechia
LFAC64FECZA647S
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Czechia (CZECP020000GYQ), retrieved from FRED.