Consumer Price Index for Chad
DDOE02TDA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.80
Year-over-Year Change
40.87%
Date Range
1/1/1982 - 1/1/2016
Summary
The Consumer Price Index for Chad measures the changes in the prices of a basket of consumer goods and services purchased by households in Chad. It is a key indicator of inflation and a crucial economic metric for 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 Chad tracks the weighted average of prices for a variety of consumer goods and services, including food, housing, transportation, and more. It is used to assess the cost of living, guide monetary policy, and inform economic decision-making.
Methodology
The Chadian government's statistical agency collects price data from various sources to calculate the CPI on a monthly basis.
Historical Context
The CPI for Chad is closely monitored by the Central Bank of Chad and other economic institutions to inform monetary and fiscal policies.
Key Facts
- The base year for the Chad CPI is 2010.
- Chad's CPI reached a record high of 121.4 in December 2022.
- The CPI is calculated using a representative basket of over 300 consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Chad measures the changes in the prices of a basket of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The Chad CPI is a crucial indicator of inflation and cost of living, and it informs important economic decisions and policies.
Q: How is this data collected or calculated?
A: The Chadian government's statistical agency collects price data from various sources to calculate the CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: The CPI for Chad is closely monitored by the Central Bank of Chad and other institutions to guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Chad is published monthly, but there may be occasional delays or gaps in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index for Chad (DDOE02TDA086NWDB), retrieved from FRED.