Inflation, consumer prices for Aruba
FPCPITOTLZGABW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.26
Year-over-Year Change
-21.05%
Date Range
1/1/1985 - 1/1/2019
Summary
The Inflation, consumer prices for Aruba trend measures the change in the average price level of consumer goods and services in Aruba. It is a key indicator of economic conditions and purchasing power in the country.
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 Inflation, consumer prices for Aruba trend represents the rate of change in the Harmonized Index of Consumer Prices (HICP) for Aruba. The HICP is a standardized measure of inflation across European Union member states and associated territories.
Methodology
The Aruban government collects price data from a sample of goods and services to calculate the HICP.
Historical Context
Policymakers and analysts use this inflation data to guide monetary and fiscal policies.
Key Facts
- Aruba is a constituent country of the Kingdom of the Netherlands.
- The Aruban guilder is the official currency of Aruba.
- Aruba has a service-oriented, tourism-based economy.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Aruba trend measures the change in the average price level of consumer goods and services in Aruba.
Q: Why is this trend relevant for users or analysts?
A: This inflation data is a key indicator of economic conditions and purchasing power in Aruba, which is relevant for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Aruban government collects price data from a sample of goods and services to calculate the Harmonized Index of Consumer Prices (HICP).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this inflation data to guide monetary and fiscal policies in Aruba and the broader region.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the Harmonized Index of Consumer Prices (HICP) for Aruba.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Aruba (FPCPITOTLZGABW), retrieved from FRED.