Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Argentina
ARGCP120000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,720.04
Year-over-Year Change
417.37%
Date Range
1/1/2017 - 7/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Argentina measures changes in the prices of a basket of consumer goods and services in Argentina, excluding food and energy. This index is a key indicator of domestic inflationary pressures and consumer purchasing power.
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 COICOP 12 index is part of the broader Consumer Price Index (CPI) for Argentina, which tracks price changes across major expenditure categories. The Miscellaneous Goods and Services component represents a diverse range of consumer purchases, providing insights into overall price dynamics and consumer behavior.
Methodology
The data is collected through surveys of retail establishments and households by the National Institute of Statistics and Censuses (INDEC) in Argentina.
Historical Context
Policymakers and economists closely monitor the CPI and its subindices to assess inflationary trends and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the COICOP 12 index is 2018.
- This index represents approximately 12% of the total CPI basket in Argentina.
- The Miscellaneous Goods and Services category includes personal care, insurance, and other non-essential consumer expenditures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Argentina measures changes in the prices of a basket of consumer goods and services in Argentina, excluding food and energy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into overall inflationary pressures and consumer purchasing power in Argentina, which are important for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the National Institute of Statistics and Censuses (INDEC) in Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the CPI and its subindices, including COICOP 12, to assess inflationary trends and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The COICOP 12 index is published monthly by INDEC, but there may be occasional delays or revisions to the data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Argentina (ARGCP120000IXNBQ), retrieved from FRED.