Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for India
INDCP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-52.05%
Date Range
2/1/2013 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) measures changes in the prices paid by consumers in India for these products over time. This index is a key indicator of inflationary pressures and consumer spending in this category.
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 CPI (COICOP 02) for India tracks the weighted average change in retail prices of alcoholic beverages, tobacco, and narcotics. This index is used by policymakers, economists, and analysts to assess inflationary trends and consumer behavior within this specific product group.
Methodology
The data is collected through a nationwide survey of retail prices by India's Ministry of Statistics and Programme Implementation.
Historical Context
This index helps inform economic and regulatory policies related to the production, distribution, and taxation of these consumer goods.
Key Facts
- The base year for this index is 2012.
- Alcoholic beverages, tobacco, and narcotics account for approximately 2.4% of the total CPI basket in India.
- India's CPI (COICOP 02) has risen by an average of 5.8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (COICOP 02) for Alcoholic Beverages, Tobacco and Narcotics measures changes in the retail prices of these products in India.
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 the alcoholic beverages, tobacco, and narcotics product category, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: This index helps inform economic and regulatory policies related to the production, distribution, and taxation of alcoholic beverages, tobacco, and narcotics in India.
Q: Are there update delays or limitations?
A: The CPI (COICOP 02) data for India is typically published on a monthly basis, with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for India (INDCP020000GPM), retrieved from FRED.