Inflation, consumer prices for Bangladesh
FPCPITOTLZGBGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.47
Year-over-Year Change
68.33%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Inflation, consumer prices for Bangladesh' series measures the annual rate of change in consumer prices in Bangladesh. This key economic indicator is crucial for understanding the country's inflationary pressures and the effectiveness of monetary policy.
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
This metric tracks the year-over-year percent change in the Consumer Price Index (CPI), a widely used measure of inflation. It provides insight into the purchasing power of Bangladeshi consumers and helps policymakers assess the overall health of the economy.
Methodology
The data is collected by Bangladesh's Bureau of Statistics through monthly surveys of consumer prices.
Historical Context
Monitoring this inflation trend is vital for the central bank and government to make informed decisions about monetary policy and manage the cost of living for Bangladeshi citizens.
Key Facts
- Bangladesh's inflation rate reached a high of 9.52% in 2022.
- The central bank aims to keep inflation within a 5-6% target range.
- Rising food and fuel costs have been key drivers of inflation in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for Bangladesh' series tracks the annual percentage change in the Consumer Price Index (CPI), a key measure of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Bangladesh's inflation rate is crucial for understanding the purchasing power of consumers, assessing the overall health of the economy, and informing monetary policy decisions by the central bank.
Q: How is this data collected or calculated?
A: The data is collected monthly by Bangladesh's Bureau of Statistics through surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The central bank and government closely monitor this inflation trend to make informed decisions about monetary policy and manage the cost of living for Bangladeshi citizens.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reference period. There may be seasonal variations and revisions to historical data.
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Use of Financial Services, Mobile Banking: Value of Outstanding Balances in Active Mobile Money Accounts for Bangladesh
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Use of Financial Services: Number of Depositors which are Households at Credit Unions and Financial Cooperatives for Bangladesh
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Bangladesh (FPCPITOTLZGBGD), retrieved from FRED.