Consumer Price Index for Philippines
Index 2010=100, Annual, Not Seasonally Adjusted
DDOE01PHA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.99
Year-over-Year Change
51.02%
Date Range
1/1/1960 - 1/1/2017
Summary
This economic trend measures the annual index value of the degree of dollarization in Peru, with 2010 as the base year. It provides insights into the use of the U.S. dollar versus the local currency in the Peruvian economy.
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 degree of dollarization index tracks the level of U.S. dollar usage in an economy compared to the local currency. This metric is closely monitored by economists and policymakers to assess financial stability and the effectiveness of monetary policies.
Methodology
The data is collected and calculated by the World Bank based on national statistics.
Historical Context
Trends in dollarization are relevant for understanding currency risk and the transmission of global economic conditions to local markets.
Key Facts
- The degree of dollarization index in Peru was 78.4 in 2020.
- Dollarization can reduce a country's monetary policy independence.
- High dollarization is often a sign of economic instability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual index value of the degree of dollarization in Peru, which tracks the level of U.S. dollar usage compared to the local currency.
Q: Why is this trend relevant for users or analysts?
A: Trends in dollarization are closely monitored by economists and policymakers to assess financial stability and the effectiveness of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national statistics.
Q: How is this trend used in economic policy?
A: Dollarization trends are relevant for understanding currency risk and the transmission of global economic conditions to local markets.
Q: Are there update delays or limitations?
A: The degree of dollarization index is reported annually, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Index 2010=100, Annual, Not Seasonally Adjusted (DDOE01PHA086NWDB), retrieved from FRED.