Prices: Consumer Price Index for Tonga
TONPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.96
Year-over-Year Change
-69.79%
Date Range
1/1/1990 - 1/1/2029
Summary
The Consumer Price Index for Tonga (TONPCPIPCPPPT) measures the change in prices paid by consumers for a basket of goods and services in Tonga. It is a key indicator of inflation and cost of living in the Tongan economy.
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 Tongan Consumer Price Index is a monthly economic indicator that tracks the changes in the prices of a representative basket of consumer goods and services. It is used by policymakers, economists, and the public to assess the overall price level and inflationary pressures in the Tongan economy.
Methodology
The Tongan CPI is calculated by the Tonga Department of Statistics based on a survey of prices collected from retail outlets across the country.
Historical Context
The Tongan CPI is closely monitored by the Tonga National Reserve Bank and other economic authorities to inform monetary and fiscal policy decisions.
Key Facts
- Tonga is a Polynesian island country in the South Pacific Ocean.
- The Tongan CPI basket includes food, housing, transportation, and other consumer goods.
- Tonga's economy is heavily reliant on tourism, exports, and foreign aid.
FAQs
Q: What does this economic trend measure?
A: The Tongan Consumer Price Index measures the changes in the prices of a representative basket of consumer goods and services in Tonga.
Q: Why is this trend relevant for users or analysts?
A: The Tongan CPI is a key indicator of inflation and cost of living in the Tongan economy, relevant for policymakers, businesses, and the public.
Q: How is this data collected or calculated?
A: The Tongan CPI is calculated by the Tonga Department of Statistics based on a survey of prices collected from retail outlets across the country.
Q: How is this trend used in economic policy?
A: The Tongan CPI is closely monitored by the Tonga National Reserve Bank and other economic authorities to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Tongan CPI data is published monthly, with some potential delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Tonga (TONPCPIPCPPPT), retrieved from FRED.