Consumer Price Index for Barbados
DDOE02BBA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.25
Year-over-Year Change
64.46%
Date Range
1/1/1965 - 1/1/2017
Summary
The Consumer Price Index for Barbados measures changes in the prices of goods and services purchased by consumers in Barbados. It is a key indicator of inflation and an important tool for economic policymakers.
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 (CPI) for Barbados is a statistical measure that tracks the changes in the prices of a representative basket of consumer goods and services over time. It is used to assess the overall cost of living and inflationary pressures in the Barbadian economy.
Methodology
The Barbados CPI is calculated by the Central Bank of Barbados based on a survey of prices collected from retail establishments.
Historical Context
Policymakers use the Barbados CPI to inform decisions on monetary and fiscal policies to maintain price stability and economic growth.
Key Facts
- Barbados CPI has a base year of 2010.
- The CPI covers about 650 consumer goods and services.
- Barbados has experienced low and stable inflation in recent years.
FAQs
Q: What does the Consumer Price Index for Barbados measure?
A: The Barbados CPI measures the changes in the prices of a representative basket of consumer goods and services purchased by households in Barbados.
Q: Why is the Barbados CPI relevant for users and analysts?
A: The Barbados CPI is a key indicator of inflation and is used by policymakers, businesses, and consumers to assess the overall cost of living and make informed economic decisions.
Q: How is the Barbados CPI data collected and calculated?
A: The Barbados CPI is calculated by the Central Bank of Barbados based on a survey of prices collected from retail establishments across the country.
Q: How is the Barbados CPI used in economic policy?
A: Policymakers use the Barbados CPI to inform decisions on monetary and fiscal policies to maintain price stability and support economic growth.
Q: Are there any update delays or limitations with the Barbados CPI data?
A: The Barbados CPI is published monthly, with a typical delay of 1-2 months. The data may be subject to revisions and can be influenced by factors such as seasonal adjustments and changes in the consumption basket.
Related Trends
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Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Barbados
BRBFCSODUXDC
Value of Exports to Barbados from Minnesota
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Credit to Government and State-Owned Enterprises to GDP for Barbados
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Number of Identified Exporters to Barbados from New Jersey
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Citation
U.S. Federal Reserve, Consumer Price Index for Barbados (DDOE02BBA086NWDB), retrieved from FRED.