Consumer Price Index for Bangladesh
DDOE01BDA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.59
Year-over-Year Change
134.20%
Date Range
1/1/1993 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Bangladesh measures changes in the prices of a basket of goods and services consumed by households. It is a key indicator of inflation and an important tool for policymakers in monitoring and managing the Bangladeshi 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 CPI for Bangladesh tracks the average change in prices paid by consumers for a representative basket of consumer goods and services. It is used to assess changes in the cost of living and to inform monetary policy decisions by the central bank.
Methodology
The Bangladesh Bureau of Statistics collects price data from selected retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is closely watched by the Bangladesh Bank and other economic analysts to gauge inflationary pressures and inform policy responses.
Key Facts
- The CPI base year for Bangladesh is 2010.
- Bangladesh's CPI reached a record high of 6.44% in 2022.
- Food and non-alcoholic beverages account for nearly 60% of the CPI basket in Bangladesh.
FAQs
Q: What does the Consumer Price Index for Bangladesh measure?
A: The CPI for Bangladesh measures the average change in prices paid by consumers for a basket of goods and services, serving as a key indicator of inflation in the country.
Q: Why is the Bangladeshi CPI relevant for users and analysts?
A: The CPI is a crucial economic indicator used by policymakers, businesses, and consumers to understand changes in the cost of living and make informed decisions.
Q: How is the Bangladeshi CPI data collected and calculated?
A: The Bangladesh Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is the Bangladeshi CPI used in economic policy?
A: The CPI is closely monitored by the Bangladesh Bank and other economic analysts to gauge inflationary pressures and inform monetary policy decisions.
Q: Are there any update delays or limitations with the Bangladeshi CPI data?
A: The CPI for Bangladesh is published monthly, with a typical lag of a few weeks. While generally reliable, the data may be subject to revisions and can be influenced by factors like seasonal variations and changes in consumer spending patterns.
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Citation
U.S. Federal Reserve, Consumer Price Index for Bangladesh (DDOE01BDA086NWDB), retrieved from FRED.