Consumer Price Index: Harmonised prices: Alcoholic beverages, tobacco and narcotics (COICOP 02): Total for the European Union
EU28CPHP0200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
28.57%
Date Range
1/1/2000 - 1/1/2020
Summary
The Consumer Price Index: Harmonised prices: Alcoholic beverages, tobacco and narcotics (COICOP 02): Total for the European Union measures the price changes of a basket of alcoholic, tobacco, and narcotic goods and services for the EU28 countries.
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 economic indicator used to track inflation and consumer spending patterns related to the alcoholic beverages, tobacco, and narcotics sectors across the European Union. It provides crucial data for policymakers, economists, and market analysts.
Methodology
The data is collected through consumer surveys and price monitoring by statistical agencies in each EU member state.
Historical Context
This index helps inform fiscal, monetary, and regulatory policies related to the production, distribution, and consumption of these products.
Key Facts
- The index covers 28 European Union member states.
- Base year is 2015 = 100.
- Data available monthly since January 1996.
FAQs
Q: What does this economic trend measure?
A: This index measures the price changes of a basket of alcoholic beverages, tobacco products, and narcotics for the EU28 countries.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer spending patterns in the alcohol, tobacco, and narcotics sectors across the European Union, providing crucial data for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and price monitoring by statistical agencies in each EU member state.
Q: How is this trend used in economic policy?
A: This index helps inform fiscal, monetary, and regulatory policies related to the production, distribution, and consumption of alcoholic beverages, tobacco, and narcotics in the EU.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonised prices: Alcoholic beverages, tobacco and narcotics (COICOP 02): Total for the European Union (EU28CPHP0200GPM), retrieved from FRED.