Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for India
INDCP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.10
Year-over-Year Change
3.93%
Date Range
1/1/2013 - 5/1/2019
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) measures the price changes of these goods and services in India. This key economic indicator provides insights into consumer spending patterns 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
The COICOP 02 CPI for India tracks the prices of alcoholic drinks, tobacco products, and narcotics. It is a subcomponent of the overall CPI, which is a widely used metric for assessing the cost of living and guiding monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer prices and then aggregated to calculate the COICOP 02 CPI index.
Historical Context
Policymakers and analysts use this CPI metric to monitor inflation and consumer behavior within the alcohol, tobacco, and narcotics markets.
Key Facts
- The CPI for COICOP 02 is a monthly economic indicator.
- India's COICOP 02 CPI has a base year of 2012.
- Alcoholic beverages have the largest weight within the COICOP 02 index.
FAQs
Q: What does this economic trend measure?
A: The COICOP 02 CPI for India measures the price changes of alcoholic beverages, tobacco products, and narcotics.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric provides insights into consumer spending patterns and inflationary pressures within the alcohol, tobacco, and narcotics markets, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and then aggregated to calculate the COICOP 02 CPI index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI metric to monitor inflation and consumer behavior within the alcohol, tobacco, and narcotics markets, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The COICOP 02 CPI for India is published on a monthly basis, with a typical update delay of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for India (INDCP020000IXNBM), retrieved from FRED.