Inflation, consumer prices for the Republic of the Congo
FPCPITOTLZGCOG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.09
Year-over-Year Change
-38.30%
Date Range
1/1/1986 - 1/1/2024
Summary
The 'Inflation, consumer prices for the Republic of the Congo' series measures the rate of inflation in the Republic of the Congo, which is a key economic indicator 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
This series tracks changes in the general price level of consumer goods and services in the Republic of the Congo over time. It is a widely used metric for assessing the country's macroeconomic health and cost-of-living trends.
Methodology
The data is collected through household surveys and compiled by the Republic of the Congo's National Institute of Statistics.
Historical Context
Inflation data is closely monitored by the Central Bank of the Congo to inform monetary policy decisions.
Key Facts
- The Republic of the Congo is a Central African nation.
- Inflation in the Congo averaged 2.7% from 2010-2020.
- High inflation can erode consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This series measures the rate of change in consumer prices in the Republic of the Congo, providing an indicator of overall inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: Inflation data is a crucial metric for assessing the macroeconomic health of the Congolese economy and informing policy decisions by the central bank and government.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the National Institute of Statistics and calculated as a consumer price index.
Q: How is this trend used in economic policy?
A: The Congolese central bank monitors inflation closely to guide monetary policy and maintain price stability, which is essential for economic growth and development.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or collection challenges in certain regions, so users should check for the most recent release dates and any noted data limitations.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for the Republic of the Congo (FPCPITOTLZGCOG), retrieved from FRED.