Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Spain
ESPCP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.51
Year-over-Year Change
7.13%
Date Range
1/1/2002 - 11/1/2023
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Spain measures the average change in prices paid by consumers for these goods and services over time.
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 index is a key indicator of inflationary trends and consumer spending patterns in the alcohol, tobacco and narcotics sector of the Spanish economy. It is used by policymakers, economists and market analysts to assess overall price levels and consumer behavior.
Methodology
The data is collected through regular surveys of consumer prices by the National Statistics Institute of Spain.
Historical Context
This index provides important insights into a critical consumer segment and informs economic and fiscal policy decisions.
Key Facts
- This index has a base year of 2015.
- Alcoholic beverages have the highest weight in the index at 52.6%.
- Tobacco accounts for 40.2% of the index.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change in consumer prices for alcoholic beverages, tobacco, and narcotics in Spain.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer spending patterns in a critical segment of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: This index provides key insights that inform economic and fiscal policy decisions in Spain.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Spain (ESPCP020000IXNBM), retrieved from FRED.