Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Argentina
ARGCP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,151.48
Year-over-Year Change
139.06%
Date Range
12/1/2016 - 11/1/2023
Summary
The Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Argentina measures the change in prices for a basket of clothing and footwear items in Argentina. This metric is crucial for understanding consumer inflation and the cost of living in the country.
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 index is part of the broader Consumer Price Index (CPI), which tracks the change in prices paid by consumers for a representative basket of goods and services. The Clothing and Footwear component provides insights into a key expenditure category for Argentine households.
Methodology
The data is collected through a monthly survey of consumer prices across Argentina.
Historical Context
Policymakers and economists analyze this index to assess inflationary pressures and the overall state of the Argentine economy.
Key Facts
- The index has a base year of 2017 = 100.
- Argentina has experienced high inflation in recent years.
- Clothing and footwear account for a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in prices for a basket of clothing and footwear items in Argentina as part of the broader Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer inflation and the cost of living in Argentina, which are crucial for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices across Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this index to assess inflationary pressures and the overall state of the Argentine economy.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Argentina (ARGCP030000IXNBM), retrieved from FRED.