Inflation, consumer prices for the Democratic Republic of the Congo
FPCPITOTLZGCOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.89
Year-over-Year Change
-27.75%
Date Range
1/1/1964 - 1/1/2016
Summary
This economic trend measures the change in consumer prices in the Democratic Republic of the Congo, a key indicator of inflation and overall price stability.
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 the Democratic Republic of the Congo tracks the weighted average change in prices paid by consumers for a basket of goods and services. It is a widely-used metric for assessing the purchasing power of the Congolese currency and the rate of inflation in the economy.
Methodology
The data is collected through surveys of consumer expenditures and prices across the country.
Historical Context
Policymakers use this inflation data to guide monetary and fiscal policies aimed at maintaining price stability and economic growth.
Key Facts
- The CPI base year is 2015.
- Inflation in the DRC averaged 8.4% per year from 2010-2020.
- High inflation can erode consumer purchasing power and hamper economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in consumer prices in the Democratic Republic of the Congo, a key indicator of the country's inflation rate and overall price stability.
Q: Why is this trend relevant for users or analysts?
A: Inflation data is crucial for policymakers, investors, and consumers to understand the purchasing power of the Congolese currency and make informed economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers use this inflation data to guide monetary and fiscal policies aimed at maintaining price stability and promoting sustainable economic growth in the DRC.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or geographic coverage limitations due to the challenges of data collection in parts of the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for the Democratic Republic of the Congo (FPCPITOTLZGCOD), retrieved from FRED.