Prices: Consumer Price Index for Bangladesh
BGDPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
-7.46%
Date Range
1/1/1990 - 1/1/2029
Summary
The Consumer Price Index (CPI) for Bangladesh is a key measure of inflation, tracking changes in the prices of a basket of consumer goods and services. It is an important economic indicator used by policymakers to monitor and manage the country's price stability.
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 Bangladesh CPI represents the weighted average change in prices paid by consumers for a fixed market basket of goods and services. It is calculated monthly by the Bangladesh Bureau of Statistics and serves as a primary gauge of the purchasing power and cost of living in the country.
Methodology
The CPI is calculated based on prices collected from retail outlets across major urban areas in Bangladesh.
Historical Context
The Bangladesh CPI is closely watched by the central bank and government to inform monetary and fiscal policies aimed at maintaining price stability and economic growth.
Key Facts
- The Bangladesh CPI has a base year of 2010.
- CPI is measured monthly and published with a 2-week lag.
- Rising CPI indicates increased cost of living in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: The Bangladesh Consumer Price Index (CPI) measures the changes in the prices of a basket of consumer goods and services over time, providing a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Bangladesh CPI is a crucial economic indicator used by policymakers, businesses, and consumers to understand changes in the purchasing power and cost of living within the country.
Q: How is this data collected or calculated?
A: The CPI is calculated based on price data collected monthly from retail outlets across major urban areas in Bangladesh.
Q: How is this trend used in economic policy?
A: The Bangladesh CPI is closely monitored by the central bank and government to inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The Bangladesh CPI is published with a 2-week lag, and the data collection methodology may not capture price changes in rural or informal sectors.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Bangladesh (BGDPCPIPCPPPT), retrieved from FRED.