Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for United States
USACP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.86
Year-over-Year Change
4.40%
Date Range
12/1/2009 - 12/1/2023
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics tracks changes in the prices of these products in the United States. This is a key indicator of inflationary pressures and consumer spending trends in this sector.
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 Alcoholic Beverages, Tobacco and Narcotics CPI is a component of the overall Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This sub-index focuses specifically on tracking price movements for these discretionary consumer items.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This CPI sub-index provides important insights for policymakers and market analysts about consumer demand and inflationary dynamics in this sector.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics is a component of the overall Consumer Price Index.
- This sub-index measures price changes for discretionary consumer goods in the United States.
- The data is collected and published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices of these products in the United States.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides important insights into inflationary pressures and consumer spending trends for these discretionary goods.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This CPI sub-index is used by policymakers and market analysts to assess consumer demand and inflationary dynamics in this sector.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for United States (USACP020000IXNBM), retrieved from FRED.