Consumer Price Index for Liberia
DDOE01LRA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.45
Year-over-Year Change
210.38%
Date Range
1/1/2000 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Liberia measures the changes in the prices of a basket of consumer goods and services over time. This key economic indicator provides insights into the country's inflation and 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 Liberia CPI tracks the price changes of a representative sample of consumer goods and services, including food, housing, transportation, and other household expenditures. Economists and policymakers use this data to assess the cost of living and make informed decisions about monetary and fiscal policies.
Methodology
The data is collected through regular surveys of prices paid by Liberian consumers.
Historical Context
The Liberia CPI is an important metric for understanding the state of the Liberian economy and informing economic policy decisions.
Key Facts
- The base year for the Liberia CPI is 2010.
- Liberia's CPI reached its highest level in 2017 at 194.78.
- The Liberia CPI is published monthly by the World Bank.
FAQs
Q: What does the Consumer Price Index for Liberia measure?
A: The Liberia CPI measures the changes in the prices of a basket of consumer goods and services over time, providing insights into the country's inflation and purchasing power.
Q: Why is the Liberia CPI relevant for users or analysts?
A: The Liberia CPI is a key economic indicator that helps economists and policymakers assess the cost of living and make informed decisions about monetary and fiscal policies.
Q: How is the Liberia CPI data collected or calculated?
A: The data is collected through regular surveys of prices paid by Liberian consumers.
Q: How is the Liberia CPI used in economic policy?
A: The Liberia CPI is an important metric for understanding the state of the Liberian economy and informing economic policy decisions, particularly in the areas of monetary policy and cost-of-living adjustments.
Q: Are there any update delays or limitations for the Liberia CPI?
A: The Liberia CPI is published monthly by the World Bank, and there may be occasional delays in data reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index for Liberia (DDOE01LRA086NWDB), retrieved from FRED.