Consumer Price Index for Syrian Arab Republic
DDOE01SYA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.70
Year-over-Year Change
174.61%
Date Range
1/1/1960 - 1/1/2012
Summary
The Consumer Price Index (CPI) for the Syrian Arab Republic is a key economic indicator that measures changes in the overall price level of consumer goods and services over time. It is widely used to track inflation and guide economic policymaking.
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 CPI for Syria represents the weighted average change in prices paid by consumers for a basket of goods and services. It is a comprehensive measure of the cost of living and an important tool for analyzing the country's economic performance and standard of living.
Methodology
The Syrian Central Bureau of Statistics collects price data from a representative sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is a critical input for the government and central bank in making monetary and fiscal policy decisions.
Key Facts
- The base year for the Syrian CPI is 2010.
- The CPI covers over 300 goods and services in Syria.
- Inflation in Syria reached over 100% in 2022 due to economic and political instability.
FAQs
Q: What does the Consumer Price Index for Syria measure?
A: The CPI for Syria measures the average change in prices paid by consumers for a basket of consumer goods and services. It is a comprehensive indicator of inflation in the country.
Q: Why is the Syrian CPI relevant for users and analysts?
A: The CPI is a crucial metric for understanding the cost of living, measuring inflation, and informing economic and policy decisions in Syria.
Q: How is the Syrian CPI data collected and calculated?
A: The Syrian Central Bureau of Statistics collects price data from a representative sample of retail outlets and service providers to calculate the CPI.
Q: How is the Syrian CPI used in economic policy?
A: The CPI is a key input for the Syrian government and central bank in making monetary and fiscal policy decisions to manage inflation and promote economic stability.
Q: Are there any limitations or delays in the Syrian CPI data?
A: Due to ongoing economic and political challenges in Syria, there may be delays or limitations in the availability and reliability of the CPI data.
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Citation
U.S. Federal Reserve, Consumer Price Index for Syrian Arab Republic (DDOE01SYA086NWDB), retrieved from FRED.