Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Spain
ESPCP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.13
Year-over-Year Change
-22.50%
Date Range
1/1/2003 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Spain measures the change in prices paid by consumers for this category of goods and services over time. This index is a key indicator of inflationary trends in the Spanish economy.
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 Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics is part of the broader Harmonized Index of Consumer Prices (HICP) that allows for cross-country comparisons of inflation in the European Union. This index is used by policymakers and analysts to assess changes in the cost of living and inform monetary and fiscal policy decisions.
Methodology
The data is collected through consumer surveys and retail price observations by Spain's National Statistics Institute.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics provides context for broader trends in consumer spending and inflationary pressures in the Spanish economy.
Key Facts
- Spain's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This index accounts for around 4% of the total HICP basket in Spain.
- Prices in this category have risen by an average of 2.5% per year 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 the change in prices paid by consumers in Spain for this category of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Spanish economy and is used by policymakers and analysts to assess changes in the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations by Spain's National Statistics Institute.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics provides context for broader trends in consumer spending and inflationary pressures, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 2-3 week delay, and may be subject to revisions based on updated information.
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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 Spain (ESPCP020000GYM), retrieved from FRED.