Consumer Prices for St. Kitts and Nevis
SKNPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.04
Year-over-Year Change
-372.90%
Date Range
1/1/1990 - 1/1/2030
Summary
The Consumer Prices for St. Kitts and Nevis index measures the changes in the prices paid by consumers for a basket of goods and services in the country. This metric is crucial for monitoring inflation and the 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 for St. Kitts and Nevis index is a key economic indicator that tracks the average change in prices over time for consumer purchases. It is used to assess the purchasing power of the country's currency and to inform monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices in St. Kitts and Nevis.
Historical Context
This index is closely watched by policymakers, businesses, and consumers to understand the overall price environment and its impact on standards of living.
Key Facts
- The base year for the index is 2010.
- Prices are collected for over 600 goods and services.
- The index is published monthly by the Central Statistics Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for St. Kitts and Nevis index measures the changes in the prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for monitoring inflation and the cost of living, which are important factors for businesses, consumers, and policymakers in St. Kitts and Nevis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices in St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: The Consumer Prices index is closely watched by policymakers to understand the overall price environment and its impact on standards of living, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Central Statistics Office, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Prices for St. Kitts and Nevis (SKNPCPIEPCH), retrieved from FRED.