Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Turkiye
TURCP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.10
Year-over-Year Change
-19.83%
Date Range
1/1/2006 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Turkiye measures changes in the prices paid by consumers for these products. This economic indicator is closely watched by policymakers to assess inflationary pressures and consumer spending patterns.
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 subcomponent of the broader Consumer Price Index, which tracks the weighted average change in prices paid by households for a basket of consumer goods and services. This series provides insight into pricing trends for these discretionary consumer items in Turkiye.
Methodology
The data is collected through a nationwide survey of prices for a representative sample of goods and services.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics is used by the Central Bank of Turkiye and other analysts to monitor inflationary pressures and consumer behavior.
Key Facts
- The base year for this CPI series is 2015.
- Alcoholic beverages, tobacco and narcotics account for approximately 5% of the CPI basket in Turkiye.
- Prices for these products are heavily influenced by taxation and government policies.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Turkiye measures changes in the prices paid by consumers for these products.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insight into inflationary pressures and consumer spending patterns for these discretionary items, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is used by the Central Bank of Turkiye and other analysts to monitor inflationary pressures and consumer behavior, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be slight delays in data reporting, and the CPI is limited to tracking price changes for this specific basket of goods and services.
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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 Turkiye (TURCP020000GYQ), retrieved from FRED.