Inflation, consumer prices for Burundi
FPCPITOTLZGBDI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.21
Year-over-Year Change
11.30%
Date Range
1/1/1966 - 1/1/2024
Summary
The Inflation, consumer prices for Burundi series measures the change in the general price level of consumer goods and services in Burundi. This metric is critical for policymakers to assess the country's economic health and cost of living.
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 Burundi is a key economic indicator that tracks the rate of change in the prices of a basket of consumer goods and services in Burundi. It is a widely used measure of inflation, providing insights into purchasing power, consumer demand, and the overall state of the Burundian economy.
Methodology
The data is collected by the Burundi National Institute of Statistics through surveys of household expenditures.
Historical Context
Inflation data is closely monitored by the Central Bank of Burundi and other policymakers to inform monetary and fiscal policies.
Key Facts
- Burundi's inflation rate reached a high of 26.2% in 2017.
- The government of Burundi aims to keep inflation below 5% annually.
- Food and energy prices are the largest contributors to Burundi's consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Burundi series measures the change in the general price level of consumer goods and services purchased by households in Burundi.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is crucial for understanding the purchasing power of consumers, cost-of-living adjustments, and the overall state of the Burundian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Burundi National Institute of Statistics through surveys of household expenditures on a basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The Central Bank of Burundi and other policymakers closely monitor the inflation rate to inform monetary and fiscal policies aimed at maintaining price stability and economic growth.
Q: Are there update delays or limitations?
A: The inflation data for Burundi is published on a monthly basis, but there may be lags of several weeks or months in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Burundi (FPCPITOTLZGBDI), retrieved from FRED.