Consumer Price Index for Nicaragua
DDOE01NIA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.71
Year-over-Year Change
133.39%
Date Range
1/1/1976 - 1/1/2017
Summary
The Consumer Price Index for Nicaragua measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for policymakers and economists in assessing the state of the Nicaraguan 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 Price Index for Nicaragua tracks the weighted average change in prices for a fixed basket of consumer goods and services over time. It is used to monitor changes in the overall cost of living and to inform economic policy decisions.
Methodology
The data is collected by Nicaragua's National Institute of Statistics and Development through surveys of household expenditures.
Historical Context
The Consumer Price Index is widely used by the Central Bank of Nicaragua and other policymakers to guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for the Nicaraguan CPI is 2006.
- The index covers approximately 300 consumer goods and services.
- Nicaragua has experienced periods of high inflation, necessitating close monitoring of the CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Nicaragua measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Nicaraguan CPI is an important tool for policymakers and economists to assess the state of the economy and inform decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected by Nicaragua's National Institute of Statistics and Development through surveys of household expenditures.
Q: How is this trend used in economic policy?
A: The Consumer Price Index is widely used by the Central Bank of Nicaragua and other policymakers to guide policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Nicaraguan CPI data is published regularly, but there may be occasional delays or limitations in data collection and reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index for Nicaragua (DDOE01NIA086NWDB), retrieved from FRED.