Consumer Price Index for Ethiopia
DDOE01ETA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261.83
Year-over-Year Change
470.26%
Date Range
1/1/1965 - 1/1/2017
Summary
The Consumer Price Index for Ethiopia (CPI) measures changes in the prices of a basket of consumer goods and services in the country. It is a key indicator of inflation and an important metric for policymakers and economists.
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 Ethiopia is a monthly indicator that tracks price movements of a representative basket of consumer items, including food, housing, transportation, and other expenditures. It is used to assess the cost of living and inform decisions on monetary and fiscal policies.
Methodology
The data is collected by the Central Statistical Agency of Ethiopia through surveys of retail establishments and households.
Historical Context
The CPI is a critical input for the National Bank of Ethiopia's inflation targeting and monetary policy framework.
Key Facts
- Ethiopia's CPI has a base year of 2010.
- The CPI is published on a monthly basis.
- Food and non-alcoholic beverages account for the largest share of the CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Ethiopia measures changes in the prices of a basket of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in Ethiopia and is used by policymakers and economists to assess the cost of living and inform monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected by the Central Statistical Agency of Ethiopia through surveys of retail establishments and households.
Q: How is this trend used in economic policy?
A: The CPI is a critical input for the National Bank of Ethiopia's inflation targeting and monetary policy framework.
Q: Are there update delays or limitations?
A: The CPI for Ethiopia is published on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index for Ethiopia (DDOE01ETA086NWDB), retrieved from FRED.