Consumer Prices for Barbados
BRBPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
-355.86%
Date Range
1/1/1980 - 1/1/2030
Summary
The Consumer Prices for Barbados index measures the changes in the prices of goods and services purchased by Barbadian consumers. It is a key indicator of inflation and purchasing power in the Barbadian 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 Consumer Prices for Barbados index tracks the average change in prices paid by consumers for a market basket of consumer goods and services. It is used by policymakers, businesses, and households to assess cost-of-living changes and guide economic decision-making.
Methodology
The data is collected by the Barbados Statistical Service through surveys of consumer expenditures and retail prices.
Historical Context
The Consumer Prices index is closely monitored by the Central Bank of Barbados to inform monetary policy decisions.
Key Facts
- Barbados is an island nation in the southern Caribbean Sea.
- The Barbados dollar is the official currency of Barbados.
- Barbados has a service-based economy focused on tourism and financial services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for Barbados index measures the changes in the average prices of a basket of consumer goods and services purchased by Barbadian households.
Q: Why is this trend relevant for users or analysts?
A: The Consumer Prices index is a key indicator of inflation and purchasing power in Barbados, providing insights into the cost of living and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected by the Barbados Statistical Service through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: The Consumer Prices index is closely monitored by the Central Bank of Barbados to inform monetary policy decisions and maintain price stability.
Q: Are there update delays or limitations?
A: The Consumer Prices data for Barbados is published on a monthly basis with a typical 2-3 week delay.
Related Trends
General Government Gross Debt for Barbados
BRBGGXWDGGDP
Value of Exports to Barbados from Rhode Island
RIBRBA052SCEN
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Barbados
IDSGAMRIAOBB
Number of Identified Exporters to Barbados from Wyoming
WYBRBA475SCEN
Bank Lending Deposit Spread for Barbados
DDEI02BBA156NWDB
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Nationality of Issuer in Barbados
IDS1MNIAOAIBB
Citation
U.S. Federal Reserve, Consumer Prices for Barbados (BRBPCPIEPCH), retrieved from FRED.