Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Estonia
ESTCP020000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.77
Year-over-Year Change
15.83%
Date Range
4/1/1998 - 10/1/2023
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Estonia measures changes in the prices paid by consumers for these goods. It is an important economic indicator for understanding trends in consumer spending and inflationary pressures.
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 broader Consumer Price Index (CPI), which tracks the changes in the prices of a representative basket of consumer goods and services. The Alcoholic Beverages, Tobacco and Narcotics index specifically focuses on price changes in these categories, providing insights into consumer behavior and the cost of living in Estonia.
Methodology
The data is collected through surveys of retail establishments and households in Estonia.
Historical Context
Policymakers and analysts use this index to assess the impact of price changes on consumer purchasing power and overall economic conditions.
Key Facts
- The index has a base year of 2015.
- Alcoholic beverages, tobacco and narcotics account for approximately 5% of the Estonian CPI basket.
- Prices in this category have risen by 8.3% over the past 12 months.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Estonia measures the changes in the prices paid by consumers for these goods.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in Estonia, which is useful for policymakers and analysts assessing the overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households in Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of price changes on consumer purchasing power and overall economic conditions in Estonia.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical 1-2 month delay in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Estonia (ESTCP020000GPQ), retrieved from FRED.