Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Czechia
CZECPHP0200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
26.19%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Czechia measures changes in the retail prices paid by consumers for these products. This metric is a key indicator of inflationary pressures and consumer purchasing power.
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 part of the Harmonized Index of Consumer Prices (HICP) in Czechia, which tracks price changes for a representative basket of consumer goods and services. This sub-index is used to understand trends in consumer spending and the overall cost of living.
Methodology
The data is collected through surveys of retail establishments and calculated using a fixed-basket approach.
Historical Context
Policymakers and economists analyze this CPI sub-index to assess domestic price dynamics and make informed decisions.
Key Facts
- Czechia's CPI for Alcoholic Beverages, Tobacco and Narcotics had a base year of 1999.
- This sub-index is part of the Harmonized Index of Consumer Prices (HICP) framework.
- The CPI for this category is used to track changes in consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Czechia measures changes in the retail prices paid by consumers for these products.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index is a key indicator of inflationary pressures and consumer purchasing power, which are important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a fixed-basket approach.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this CPI sub-index to assess domestic price dynamics and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the overall Harmonized Index of Consumer Prices (HICP) for Czechia.
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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 Czechia (CZECPHP0200GYM), retrieved from FRED.