Consumer Price Index for Namibia
DDOE02NAA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.03
Year-over-Year Change
104.51%
Date Range
1/1/2001 - 1/1/2017
Summary
The Consumer Price Index for Namibia measures changes in the prices of consumer goods and services purchased by households in Namibia. This key economic indicator is closely monitored by policymakers and analysts to assess inflation and the overall cost of living.
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 for Namibia is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services. It is used to track inflation, guide monetary policy decisions, and inform cost-of-living adjustments.
Methodology
The data is collected by the Namibia Statistics Agency through surveys of household expenditures and prices.
Historical Context
The Namibian CPI is an important input for the Bank of Namibia's monetary policy and is closely watched by financial markets.
Key Facts
- Namibia's CPI is published monthly by the Namibia Statistics Agency.
- The CPI basket includes over 300 goods and services representing household expenditures.
- Namibia has experienced relatively low and stable inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Namibia measures the average change in prices paid by consumers for a basket of goods and services in Namibia.
Q: Why is this trend relevant for users or analysts?
A: The Namibian CPI is a key indicator of inflation and the overall cost of living, making it essential for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the Namibia Statistics Agency through surveys of household expenditures and prices.
Q: How is this trend used in economic policy?
A: The Namibian CPI is a critical input for the Bank of Namibia's monetary policy decisions and is closely monitored by financial markets.
Q: Are there update delays or limitations?
A: The Namibian CPI is published monthly with a relatively short lag, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index for Namibia (DDOE02NAA086NWDB), retrieved from FRED.