Inflation, consumer prices for the Syrian Arab Republic
FPCPITOTLZGSYR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.42
Year-over-Year Change
243.36%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Inflation, consumer prices for the Syrian Arab Republic' measures the rate of change in consumer prices for all goods and services in Syria. This metric is crucial for tracking economic stability and the purchasing power of the Syrian pound.
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 inflation indicator tracks the overall price level for a basket of consumer goods and services in Syria. It is a widely used metric for assessing the cost of living and the effectiveness of monetary policy in the country.
Methodology
The data is collected by the Syrian Central Bureau of Statistics through regular household surveys and market price observations.
Historical Context
Inflation trends are closely monitored by the Syrian government, international organizations, and economists to inform macroeconomic and policy decisions.
Key Facts
- Syria has experienced high inflation for much of the past decade.
- Consumer price inflation reached over 100% in 2022.
- Volatile food and fuel prices are major drivers of inflation in Syria.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for the Syrian Arab Republic' measures the overall change in the prices of a basket of consumer goods and services in Syria.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is crucial for tracking economic stability and the purchasing power of the Syrian pound, informing macroeconomic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Syrian Central Bureau of Statistics through regular household surveys and market price observations.
Q: How is this trend used in economic policy?
A: Inflation trends are closely monitored by the Syrian government, international organizations, and economists to inform macroeconomic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limited availability due to the ongoing economic and political situation in Syria.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for the Syrian Arab Republic (FPCPITOTLZGSYR), retrieved from FRED.