Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Israel
ISRCP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.56
Year-over-Year Change
1870.38%
Date Range
1/1/1986 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures price changes for these consumer goods in Israel. This key indicator helps assess inflation and cost-of-living trends.
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 is a component of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for Israel. It tracks price movements for a basket of alcoholic, tobacco, and narcotic products purchased by households.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
Policymakers and analysts use this CPI component to monitor inflationary pressures and consumer behavior.
Key Facts
- The base year for this CPI is 2015.
- Alcoholic beverages, tobacco, and narcotics account for around 4% of Israeli household consumption.
- Prices in this CPI category have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures price changes for these consumer goods in Israel.
Q: Why is this trend relevant for users or analysts?
A: This CPI component helps assess inflationary pressures and changes in consumer behavior related to these products.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to monitor inflationary pressures and consumer behavior.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Israel (ISRCP020000GYQ), retrieved from FRED.