Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Argentina
ARGCPGRSE01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.61
Year-over-Year Change
164.95%
Date Range
1/1/2018 - 1/1/2025
Summary
The Consumer Price Index for Services in Argentina, part of the COICOP 1999 classification, measures changes in the prices paid by consumers for a basket of service-related goods and services.
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 economic indicator tracks inflation in the service sector of the Argentine economy, which is a crucial component of overall consumer price changes. It is used by policymakers, economists, and analysts to assess cost-of-living trends and guide monetary and fiscal policy decisions.
Methodology
The data is collected through a nationwide survey of prices paid by households for various service categories.
Historical Context
The CPI for Services is a key input for the central bank's inflation targeting framework and evaluation of the broader macroeconomic environment.
Key Facts
- The base year for the Argentine CPI Services index is 2016.
- Services make up around 50% of the overall consumer price basket in Argentina.
- The CPI Services index has shown higher inflation than the headline CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Services in Argentina measures changes in the prices paid by consumers for a basket of service-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a crucial indicator of inflationary pressures in the Argentine economy, providing insights into cost-of-living dynamics and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices paid by households for various service categories.
Q: How is this trend used in economic policy?
A: The CPI for Services is a key input for the central bank's inflation targeting framework and evaluation of the broader macroeconomic environment.
Q: Are there update delays or limitations?
A: The CPI for Services data is published on a monthly basis with minimal delays, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Argentina (ARGCPGRSE01GYQ), retrieved from FRED.