Consumer Price Index for Gambia
DDOE02GMA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.39
Year-over-Year Change
86.76%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Gambia measures the change in the prices of a basket of consumer goods and services. It is a key indicator of inflation and a crucial statistic for policymakers and economists.
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 Gambia tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. It is a widely used metric to assess the purchasing power of the Gambian currency and the overall cost of living in the country.
Methodology
The Gambian CPI is calculated by the Gambia Bureau of Statistics based on a survey of consumer expenditures.
Historical Context
The CPI is a critical input for monetary policy decisions and economic analysis in Gambia.
Key Facts
- The base year for the Gambian CPI is 2010.
- Gambia's CPI reached an all-time high of 270.78 in 2022.
- Food and non-alcoholic beverages have the largest weight in the Gambian CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Gambia measures the change in the prices of a basket of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The Gambian CPI is a crucial indicator of inflation and cost of living, which are key factors for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Gambia Bureau of Statistics calculates the CPI based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Gambian CPI is a critical input for monetary policy decisions and macroeconomic analysis in the country.
Q: Are there update delays or limitations?
A: The Gambian CPI data is published monthly with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Index for Gambia (DDOE02GMA086NWDB), retrieved from FRED.