Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Ireland
IRLCPHP0200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
34.37%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Ireland measures changes in the prices of these products over time. It is a key indicator of inflation in this consumer spending 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 for Alcoholic Beverages, Tobacco and Narcotics in Ireland is part of the broader Harmonized Index of Consumer Prices (HICP) framework. It tracks price movements for a representative basket of these goods and services, providing insight into cost-of-living dynamics for Irish consumers.
Methodology
The data is collected through regular surveys of retailers and service providers across Ireland.
Historical Context
This CPI series is used by policymakers, economists, and market analysts to understand inflationary pressures and consumer spending patterns in Ireland.
Key Facts
- Alcohol, tobacco, and narcotics account for about 5% of consumer spending in Ireland.
- The CPI for this category has risen by an average of 2.5% annually over the past decade.
- Price changes in this index can impact consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics in Ireland measures the changes in prices for these consumer products over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer spending patterns in Ireland, which are closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and service providers across Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI series to understand broader inflationary dynamics and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis with a short lag, providing timely information on price movements in this consumer spending category.
Related Trends
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Ireland
LRIN64TTIEA156S
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Ireland
LFEM55FEIEA647N
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Ireland
BARTERICMP25UPZSIRL
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Ireland
IRLCP010000IXNBM
Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Ireland
IRLCPHP0200IXEBM
Consumer Price Index: Food for Ireland
IRLCPIFODMINMEI
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Ireland (IRLCPHP0200GYM), retrieved from FRED.