Consumer Price Index for Belarus
DDOE02BYA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
459.03
Year-over-Year Change
644.15%
Date Range
1/1/1991 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Belarus measures changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation and a critical data point for economic policymakers.
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 Belarus tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. It is used to assess the overall cost of living and purchasing power in the Belarusian economy.
Methodology
The Belarusian CPI is calculated monthly by the National Statistical Committee based on a survey of consumer expenditures.
Historical Context
The CPI is closely monitored by the National Bank of Belarus and other policymakers to inform monetary and fiscal policies.
Key Facts
- Belarus CPI base year is 2010.
- CPI reached a high of 6,651.78 in December 2011.
- CPI has averaged 590.72 from 1993 to 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Belarus measures changes in the prices of a basket of consumer goods and services, providing a gauge of inflation in the Belarusian economy.
Q: Why is this trend relevant for users or analysts?
A: The Belarusian CPI is a critical data point used by policymakers, businesses, and consumers to understand the cost of living and purchasing power in the country.
Q: How is this data collected or calculated?
A: The CPI is calculated monthly by the National Statistical Committee of Belarus based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Belarusian CPI is closely monitored by the National Bank of Belarus and other policymakers to inform monetary and fiscal policies aimed at managing inflation.
Q: Are there update delays or limitations?
A: The CPI for Belarus is published monthly with a short delay, providing timely data on consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index for Belarus (DDOE02BYA086NWDB), retrieved from FRED.