Consumer Price Index for Belize
DDOE01BZA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.62
Year-over-Year Change
21.38%
Date Range
1/1/1979 - 1/1/2016
Summary
The Consumer Price Index (CPI) for Belize measures changes in the prices of a basket of consumer goods and services over time. It is a key economic indicator used to track inflation in the Belizean 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 Belize tracks the average change in prices paid by consumers for a representative basket of goods and services. It is used to assess changes in the purchasing power of the Belize dollar and to inform monetary and fiscal policy decisions.
Methodology
The Belizean CPI is calculated monthly by the Statistical Institute of Belize based on price surveys of a representative sample of consumer items.
Historical Context
The CPI is a crucial data point for the Central Bank of Belize and policymakers to monitor inflationary pressures and cost-of-living trends.
Key Facts
- Belize CPI is published monthly by the Statistical Institute of Belize.
- The CPI basket contains over 300 consumer goods and services.
- Belize uses the CPI to adjust social program payments and government wages.
FAQs
Q: What does the Consumer Price Index for Belize measure?
A: The Belize CPI measures the average change in prices paid by consumers for a basket of goods and services representative of Belizean household spending.
Q: Why is the Belize CPI relevant for users and analysts?
A: The CPI is a key indicator of inflation in Belize and helps inform monetary and fiscal policy decisions, as well as adjustments to government programs and wages.
Q: How is the Belize CPI data collected and calculated?
A: The CPI is calculated monthly by the Statistical Institute of Belize based on price surveys of a representative sample of consumer items.
Q: How is the Belize CPI used in economic policy?
A: The Belize CPI is used by the Central Bank and policymakers to monitor inflationary pressures and make decisions on monetary and fiscal policies.
Q: Are there any delays or limitations in the Belize CPI data?
A: The Belize CPI is published monthly with a short delay, and may be subject to minor revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index for Belize (DDOE01BZA086NWDB), retrieved from FRED.