Price Level of Household Consumption for Angola
PLCCPPAOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
-39.38%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Angola measures the general price level of consumer goods and services purchased by Angolan households. It is a key indicator of inflation and living standards in the country.
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 index tracks the cost of a representative basket of consumer items purchased by Angolan households. It provides important insights into the purchasing power of consumers and the overall price environment, which are crucial for economic policymaking and market analysis.
Methodology
The data is collected through consumer surveys and compiled by the National Statistical Institute of Angola.
Historical Context
Economists and policymakers use this index to monitor inflation, set monetary policies, and assess the standard of living in Angola.
Key Facts
- Angola's household consumption price index has increased by over 60% in the past decade.
- The index is a critical input for the country's consumer price inflation rate.
- Policymakers use this data to assess the impact of economic policies on Angolan households.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Angola measures the general price level of consumer goods and services purchased by Angolan households.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into the purchasing power of Angolan consumers and the overall price environment, which are essential for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the National Statistical Institute of Angola.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor inflation, set monetary policies, and assess the standard of living in Angola.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Statistical Institute of Angola, but there may be occasional delays or limitations in data reporting.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Angola (PLCCPPAOA670NRUG), retrieved from FRED.