Price Level of Household Consumption for Bosnia and Herzegovina
PLCCPPBAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
-6.58%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Bosnia and Herzegovina measures changes in the overall price level of goods and services purchased by households in the country. This metric 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
The Price Level of Household Consumption tracks the prices paid by Bosnian households for a representative basket of consumer goods and services. It is used by economists and policymakers to assess the state of the domestic economy and make informed decisions about monetary and fiscal policies.
Methodology
The data is calculated by Bosnia's statistical agency based on a survey of household expenditures.
Historical Context
Trends in the price level inform the Central Bank of Bosnia and Herzegovina's monetary policy actions.
Key Facts
- Bosnia and Herzegovina uses the convertible mark as its official currency.
- The country has a population of approximately 3.3 million people.
- Household consumption accounts for over 80% of Bosnia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Bosnia and Herzegovina measures changes in the overall prices paid by households for consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer purchasing power, providing important insights into the state of the Bosnian economy.
Q: How is this data collected or calculated?
A: The data is calculated by Bosnia's statistical agency based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: Trends in the price level inform the Central Bank of Bosnia and Herzegovina's monetary policy actions, such as setting interest rates and managing inflation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Bosnia and Herzegovina (PLCCPPBAA670NRUG), retrieved from FRED.