Consumer Prices for St. Vincent and the Grenadines
SVGPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
45.99%
Date Range
1/1/1980 - 1/1/2030
Summary
The Consumer Prices for St. Vincent and the Grenadines trend measures changes in the average price level of consumer goods and services in the country. It is a key economic indicator used to monitor inflation.
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 for St. Vincent and the Grenadines is an index that tracks the changes in the prices paid by consumers for a representative basket of goods and services. It serves as a widely referenced measure of inflation in the local economy.
Methodology
The data is collected through a comprehensive survey of consumer expenditures and prices across the country.
Historical Context
Policymakers and market analysts use this trend to assess the cost of living and guide economic decision-making.
Key Facts
- The base year for the index is 2015.
- The index reached its highest level in 2022.
- Year-over-year inflation reached 7.2% in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for St. Vincent and the Grenadines trend measures changes in the average price level of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key economic indicator used to monitor inflation and the cost of living in St. Vincent and the Grenadines, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a comprehensive survey of consumer expenditures and prices across the country.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess the cost of living and guide economic decision-making, such as adjusting interest rates or implementing policies to address inflation.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and the coverage may not include all goods and services in the country.
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Citation
U.S. Federal Reserve, Consumer Prices for St. Vincent and the Grenadines (SVGPCPIEPCH), retrieved from FRED.