Consumer Price Index: Education (COICOP 10): Total for Argentina
Index source base, Monthly
ARGCP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,031.15
Year-over-Year Change
136.44%
Date Range
12/1/2016 - 11/1/2023
Summary
The Index source base, Monthly measures Argentina's consumer price index on a monthly basis, providing a key indicator of inflation and price trends in the Argentine economy.
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
This index serves as a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services, reflecting their cost of living. It is a widely-used economic statistic for assessing inflationary pressures and informing monetary policy decisions.
Methodology
The data is collected through a national survey of consumer expenditures and calculated by Argentina's National Institute of Statistics and Censuses.
Historical Context
Policymakers and analysts monitor this index to gauge the effectiveness of the central bank's inflation targeting regime and make informed decisions.
Key Facts
- Argentina's CPI has risen by over 50% in the past year.
- The central bank aims to keep inflation within a 3-6% target range.
- Elevated inflation has eroded consumer purchasing power in Argentina.
FAQs
Q: What does this economic trend measure?
A: The Index source base, Monthly measures the average change in prices paid by consumers in Argentina for a basket of goods and services, providing a comprehensive indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial metric for assessing inflationary pressures and informing monetary policy decisions in Argentina, as high and persistent inflation can have significant impacts on the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer expenditures and calculated by Argentina's National Institute of Statistics and Censuses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge the effectiveness of the central bank's inflation targeting regime and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis, but there may be occasional delays or revisions to the data.
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Citation
U.S. Federal Reserve, Index source base, Monthly (ARGCP100000IXNBM), retrieved from FRED.