Consumer Prices: All Items for Gambia, The
GMBPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
6.99%
Date Range
1/1/2000 - 1/1/2026
Summary
The Consumer Prices: All Items for Gambia, The tracks changes in the overall cost of consumer goods and services in the country. This metric is a key indicator of inflation and an important measure for policymakers and economists.
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 Prices: All Items for Gambia, The is a price index that measures the average change in prices paid by consumers for a basket of goods and services. It is a widely-used indicator of inflation and purchasing power, providing insights into the country's economic conditions.
Methodology
The data is collected through surveys of household expenditures and prices across Gambia.
Historical Context
Policymakers and central banks use this index to inform monetary and fiscal policies.
Key Facts
- The base year for the Gambia CPI is 2018.
- Gambia's CPI reached its highest level in 2022.
- Food and non-alcoholic beverages make up the largest component of the Gambia CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices: All Items for Gambia, The tracks the average change in prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and purchasing power in Gambia, providing important insights into the country's economic conditions for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through household expenditure surveys and price tracking across Gambia.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use the Gambia CPI to inform monetary and fiscal policies, adjusting interest rates and other measures to manage inflation.
Q: Are there update delays or limitations?
A: The Gambia CPI data is published monthly with a short lag, providing timely information on price changes in the country.
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Citation
U.S. Federal Reserve, Consumer Prices: All Items for Gambia, The (GMBPCPIPCPPPT), retrieved from FRED.