Consumer Prices for Caribbean
CRBPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.53
Year-over-Year Change
-6.27%
Date Range
1/1/2012 - 1/1/2021
Summary
The Caribbean Consumer Price Index (CPI) measures the changes in the prices of goods and services purchased by Caribbean consumers. It is a key indicator of inflation in the Caribbean region.
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 Caribbean CPI tracks the average change in prices paid by consumers for a basket of goods and services, including food, housing, transportation, and other categories. It is used by economists and policymakers to assess the cost of living and inflationary pressures in the Caribbean.
Methodology
The data is collected through household surveys conducted by national statistical agencies across the Caribbean.
Historical Context
The Caribbean CPI is closely monitored by central banks and finance ministries to inform monetary and fiscal policy decisions.
Key Facts
- The Caribbean CPI uses 2015 as the base year.
- The CPI basket includes over 700 individual goods and services.
- Inflation in the Caribbean region has averaged around 2.5% annually in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Caribbean Consumer Price Index (CPI) measures the changes in the prices of goods and services purchased by consumers in the Caribbean region.
Q: Why is this trend relevant for users or analysts?
A: The Caribbean CPI is a key indicator of inflation and cost of living in the region, making it relevant for economists, policymakers, and businesses operating in the Caribbean.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies across the Caribbean.
Q: How is this trend used in economic policy?
A: The Caribbean CPI is closely monitored by central banks and finance ministries to inform monetary and fiscal policy decisions in the region.
Q: Are there update delays or limitations?
A: The Caribbean CPI data is published on a monthly basis, but there may be some delays in data collection and reporting across the diverse Caribbean economies.
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Citation
U.S. Federal Reserve, Consumer Prices for Caribbean (CRBPCPIEPCH), retrieved from FRED.