Price Level of GDP, average of GEKS-CPDW for Central African Republic
PL2GDPCFA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.47
Year-over-Year Change
17.81%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the overall price level of GDP in the Central African Republic, providing insights into the country's inflation and purchasing power dynamics.
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 Price Level of GDP is an index that tracks changes in the general price level of all goods and services that make up a country's Gross Domestic Product. It is a useful indicator for assessing the purchasing power and cost of living in the Central African Republic.
Methodology
The data is calculated using the GEKS-CPDW (Geographical Linking) method based on national accounts information.
Historical Context
This trend is relevant for policymakers and analysts monitoring the Central African Republic's economic performance and stability.
Key Facts
- The base year for this index is 2017 = 100.
- The Central African Republic has experienced high and volatile inflation in recent years.
- Tracking the price level of GDP is crucial for assessing the country's standard of living and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall price level of all goods and services that make up the Gross Domestic Product (GDP) in the Central African Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the purchasing power and cost of living in the Central African Republic, which is crucial for policymakers and analysts monitoring the country's economic performance and stability.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW (Geographical Linking) method based on national accounts information.
Q: How is this trend used in economic policy?
A: The price level of GDP is used by policymakers and analysts to assess the Central African Republic's economic conditions, including inflation, purchasing power, and competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in the underlying national accounts information used to calculate this trend.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Central African Republic (PL2GDPCFA621NUPN), retrieved from FRED.