Price Level of Household Consumption for Argentina
PLCCPPARA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
13.41%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Argentina measures the general price level of goods and services purchased by Argentine households. It is a key indicator of inflation and consumer purchasing power.
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 series represents the price index for household consumption expenditures in Argentina. It is used by economists and policymakers to assess changes in the cost of living and consumer inflation, which are crucial for understanding the country's macroeconomic conditions.
Methodology
The data is collected through a nationwide survey of household spending and prices.
Historical Context
Trends in the price level of household consumption provide important context for monetary and fiscal policy decisions in Argentina.
Key Facts
- Argentina's household consumption price index has risen by over 50% in the past 5 years.
- High inflation is a persistent challenge for the Argentine economy.
- Household consumption accounts for over 60% of Argentina's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Argentina measures the overall price level of goods and services purchased by Argentine households.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding consumer inflation and the purchasing power of Argentine households, which are key considerations for economic policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of household spending and prices.
Q: How is this trend used in economic policy?
A: Trends in the household consumption price index provide important context for monetary and fiscal policy decisions in Argentina.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential methodological changes over time that users should be aware of.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Argentina (PLCCPPARA670NRUG), retrieved from FRED.