Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Spain
ESPCPHP0200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Spain measures price changes for these consumer goods and services in Spain. This data is crucial for understanding 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
This index is part of the Harmonized Indices of Consumer Prices (HICP), a standardized measure of inflation across European Union countries. It tracks price movements for a basket of alcoholic beverages, tobacco, and narcotics products purchased by Spanish households.
Methodology
The data is collected through consumer surveys and retail price observations.
Historical Context
Policymakers use this index to guide monetary policy and assess the cost of living.
Key Facts
- Spain's HICP for alcoholic beverages, tobacco, and narcotics reached a record high in 2022.
- Tobacco products make up the largest share of this CPI component in Spain.
- Prices in this category have risen faster than overall inflation in Spain in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures price changes for a basket of alcoholic beverages, tobacco, and narcotics products purchased by Spanish households.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding inflationary pressures and changes in consumer purchasing power in Spain.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations.
Q: How is this trend used in economic policy?
A: Policymakers use this index to guide monetary policy and assess the cost of living in Spain.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Spain (ESPCPHP0200GPM), retrieved from FRED.