Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Argentina
Index source base
ARGCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,881.82
Year-over-Year Change
127.96%
Date Range
12/1/2016 - 11/1/2023
Summary
The Index source base measures the purchasing power of a country's currency against a weighted basket of other currencies. It is a key indicator for economists and policymakers to assess a country's international competitiveness.
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 Index source base is a trade-weighted index that tracks the value of a country's currency relative to a basket of trading partner currencies. It provides insight into how a currency's exchange rate may impact a country's trade and economic performance.
Methodology
The index is calculated by the International Monetary Fund based on exchange rate data and trade weights.
Historical Context
Central banks and finance ministries closely monitor the index source base to inform policies that affect currency values and international trade.
Key Facts
- The index base year is 2010.
- An increase indicates the currency has appreciated relative to trading partners.
- The index is published monthly by the IMF.
FAQs
Q: What does this economic trend measure?
A: The Index source base measures the purchasing power of a country's currency against a weighted basket of other currencies. It provides insight into the relative value of the currency.
Q: Why is this trend relevant for users or analysts?
A: The index source base is a key indicator for assessing a country's international competitiveness and the potential impact of exchange rate movements on trade and economic performance.
Q: How is this data collected or calculated?
A: The index is calculated by the International Monetary Fund based on exchange rate data and trade weights.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor the index source base to inform policies that affect currency values and international trade.
Q: Are there update delays or limitations?
A: The index is published monthly by the IMF with no known update delays or significant limitations.
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Citation
U.S. Federal Reserve, Index source base (ARGCP040000IXNBM), retrieved from FRED.