Consumer Price Index: OECD Groups: Goods: Total for Argentina
ARGCPGRGO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.39
Year-over-Year Change
230.75%
Date Range
4/1/2017 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Goods: Total in Argentina measures changes in the prices of a basket of consumer goods. This key economic indicator is closely monitored by policymakers to assess inflationary pressures.
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 Goods: Total in Argentina tracks the average change in prices paid by consumers for a representative basket of retail goods over time. This metric is a primary gauge of inflation and cost of living trends that informs monetary and fiscal policy decisions.
Methodology
The Argentine government's statistics agency collects and aggregates price data from retailers to calculate this monthly CPI index.
Historical Context
The CPI for Goods is a crucial input for the Central Bank of Argentina's inflation targeting framework and policies.
Key Facts
- Argentina's CPI for Goods reached a high of 122.7 in May 2023.
- This index has increased by over 110% in the past 5 years.
- Goods account for over 50% of Argentina's total CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Goods: Total in Argentina tracks changes in the prices of a representative basket of consumer goods purchased by households.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Goods is a key indicator of inflationary pressures and cost of living in Argentina, making it crucial for policymakers, economists, and consumers to monitor.
Q: How is this data collected or calculated?
A: The Argentine government's statistics agency collects retail price data and aggregates it to calculate this monthly CPI index.
Q: How is this trend used in economic policy?
A: The CPI for Goods is a core input for the Central Bank of Argentina's inflation targeting framework and monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Goods is published monthly with a typical 2-3 week delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Argentina (ARGCPGRGO01GPQ), retrieved from FRED.