Inflation, consumer prices for Tonga
FPCPITOTLZGTON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.18
Year-over-Year Change
177.43%
Date Range
1/1/1976 - 1/1/2024
Summary
The Inflation, consumer prices for Tonga trend measures the rate of change in the prices of goods and services consumed by households in Tonga. This key economic indicator provides insight into the purchasing power of Tongan consumers.
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 Tonga trend tracks the changes in the prices paid by consumers for a basket of representative goods and services. It is a widely used metric for monitoring the overall cost of living and evaluating the effectiveness of economic policies.
Methodology
This data is collected through regular surveys of prices for a variety of consumer items in Tonga.
Historical Context
Inflation rates are closely watched by policymakers, investors, and consumers to assess the health of the Tongan economy.
Key Facts
- Tonga's inflation rate averaged 2.4% from 2010 to 2019.
- Inflation in Tonga reached a high of 8.4% in 2011.
- Food and housing costs are major drivers of inflation in Tonga.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Tonga trend measures the rate of change in the prices of goods and services consumed by households in Tonga.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the purchasing power of Tongan consumers and is closely watched by policymakers, investors, and consumers to assess the health of the Tongan economy.
Q: How is this data collected or calculated?
A: This data is collected through regular surveys of prices for a variety of consumer items in Tonga.
Q: How is this trend used in economic policy?
A: Inflation rates are closely watched by policymakers in Tonga to evaluate the effectiveness of economic policies and make informed decisions.
Q: Are there update delays or limitations?
A: The Inflation, consumer prices for Tonga data is published regularly by the U.S. Federal Reserve, but may be subject to occasional delays or revisions.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Tonga (FPCPITOTLZGTON), retrieved from FRED.