Consumer Prices at End of Period for Gambia, The
GMBPCPIEOPPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-28.05%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Consumer Prices at End of Period for Gambia, The' trend measures the change in prices paid by Gambian consumers at the end of each period. It is a key economic indicator used to track inflation and guide policy decisions.
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 trend represents the consumer price index (CPI) for Gambia at the end of each calendar period. The CPI is a widely used measure of inflation, tracking the prices of a basket of common consumer goods and services. Policymakers and economists monitor CPI data to assess price stability and guide monetary and fiscal policies.
Methodology
The data is collected through surveys of consumer purchases and prices in Gambia.
Historical Context
Trends in Gambian consumer prices are important for understanding the broader economic conditions and dynamics in the country.
Key Facts
- Gambia's CPI hit a 10-year high of 13.5% in 2022.
- Food prices are the largest component of Gambia's CPI basket.
- The Central Bank of Gambia uses CPI data to set interest rates.
FAQs
Q: What does this economic trend measure?
A: The 'Consumer Prices at End of Period for Gambia, The' trend measures the change in prices paid by consumers in Gambia at the end of each period.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflation in Gambia, which is important for policymakers, businesses, and consumers to understand economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and prices in Gambia.
Q: How is this trend used in economic policy?
A: The Central Bank of Gambia uses CPI data to set interest rates and guide monetary policy to maintain price stability.
Q: Are there update delays or limitations?
A: The CPI data for Gambia may be subject to some reporting delays or limitations in coverage, as is common with economic statistics in developing countries.
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Citation
U.S. Federal Reserve, Consumer Prices at End of Period for Gambia, The (GMBPCPIEOPPCPPPT), retrieved from FRED.