Consumer Prices: All Items for Guinea-Bissau
GNBPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-293.85%
Date Range
1/1/2000 - 1/1/2026
Summary
The Consumer Prices: All Items for Guinea-Bissau trend measures the overall change in prices for a basket of consumer goods and services in Guinea-Bissau. This broad indicator is closely watched by economists and policymakers to assess the country's inflation rate and 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 Prices: All Items for Guinea-Bissau is a key inflation metric that tracks price changes for a wide range of consumer items, including food, housing, transportation, and other expenditures. It provides a comprehensive overview of general price movements within the Guinean economy.
Methodology
The data is collected through surveys of retail establishments and households by the National Institute of Statistics in Guinea-Bissau.
Historical Context
This inflation gauge is used by the Central Bank of Guinea-Bissau and other government agencies to inform monetary policy decisions and economic forecasting.
Key Facts
- Guinea-Bissau's inflation rate reached a high of 10.3% in 2021.
- The consumer price index in Guinea-Bissau has a base year of 2010.
- Food and non-alcoholic beverages make up the largest share of the consumer price index basket in Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices: All Items for Guinea-Bissau trend measures the overall change in prices for a basket of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This broad inflation indicator is closely watched by economists and policymakers to assess the cost of living and make informed decisions about monetary policy and economic forecasting in Guinea-Bissau.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the National Institute of Statistics in Guinea-Bissau.
Q: How is this trend used in economic policy?
A: The consumer price index is used by the Central Bank of Guinea-Bissau and other government agencies to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is subject to potential delays in reporting and may not fully capture all price changes in the Guinean economy.
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Citation
U.S. Federal Reserve, Consumer Prices: All Items for Guinea-Bissau (GNBPCPIPCPPPT), retrieved from FRED.