Consumer Price Index for Saint Lucia
DDOE02LCA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.04
Year-over-Year Change
23.77%
Date Range
1/1/1964 - 1/1/2017
Summary
The Consumer Price Index for Saint Lucia measures changes in the cost of a basket of consumer goods and services. It is a key indicator of inflation and an important economic statistic for policymakers and analysts.
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 Consumer Price Index (CPI) for Saint Lucia tracks the prices of a representative sample of consumer goods and services. It is used to assess changes in the overall cost of living and to inform monetary and fiscal policy decisions.
Methodology
The CPI data is collected through surveys of retailers and consumers in Saint Lucia.
Historical Context
The CPI is a closely watched metric for assessing inflationary pressures and informing economic policy.
Key Facts
- Saint Lucia's CPI is measured monthly.
- The CPI basket includes over 600 consumer goods and services.
- CPI is a leading indicator of economic conditions in Saint Lucia.
FAQs
Q: What does the Consumer Price Index for Saint Lucia measure?
A: The Consumer Price Index for Saint Lucia measures changes in the prices of a representative basket of consumer goods and services purchased by households in the country.
Q: Why is the Saint Lucia CPI relevant for users or analysts?
A: The Saint Lucia CPI is a key indicator of inflation and cost of living trends, which are crucial for policymakers, consumers, and businesses to monitor.
Q: How is the Saint Lucia CPI data collected or calculated?
A: The CPI data is collected through surveys of prices paid by consumers for a basket of goods and services in Saint Lucia.
Q: How is the Saint Lucia CPI used in economic policy?
A: The Saint Lucia CPI is used by the central bank and government to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there any update delays or limitations with the Saint Lucia CPI?
A: The Saint Lucia CPI data is published monthly with a short lag, providing timely information on cost of living trends.
Related Trends
Population, Total for Saint Lucia
POPTOTLCA647NWDB
Value of Exports to Saint Lucia from New York
NYLCAA052SCEN
Number of Identified Exporters to Saint Lucia from Massachusetts
MALCAA475SCEN
Value of Exports to Saint Lucia from Idaho
IDLCAA052SCEN
Number of Identified Exporters to Saint Lucia from District of Columbia
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Geographical Outreach: Number of Commercial Banks for St. Lucia
SLAFCIODCNUM
Citation
U.S. Federal Reserve, Consumer Price Index for Saint Lucia (DDOE02LCA086NWDB), retrieved from FRED.