Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Turkiye
TURCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,057.90
Year-over-Year Change
33.85%
Date Range
1/1/2005 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Turkiye measures changes in the prices of these consumer goods over time. This trend is a key indicator of inflation and purchasing power for Turkish households.
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 that tracks price changes across a basket of consumer goods and services in Turkiye. It provides insight into the cost of living and the purchasing power of Turkish consumers.
Methodology
The data is collected through surveys of retail prices and calculated according to international standards.
Historical Context
Policymakers and economists closely monitor this CPI trend to inform economic and monetary policy decisions.
Key Facts
- Turkiye's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This CPI component has a weight of 5.42% in the overall Turkish Consumer Price Index.
- The CPI for this category reached a record high in May 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices of these consumer goods in Turkiye.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides important insights into the cost of living and inflation for Turkish households, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated according to international standards.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this CPI trend to inform decisions on monetary and fiscal policy in Turkiye.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is published monthly with a short delay, providing timely data for analysis.
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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 (TURCP020000IXOBM), retrieved from FRED.