Price Level of Household Consumption for Bulgaria
PLCCPPBGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
3.67%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Bulgaria measures the level of consumer prices in the country. It is a key economic indicator used to assess inflationary pressures and the purchasing power of Bulgarian households.
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 level of final consumption expenditure of households in Bulgaria. It is a useful metric for analyzing the cost of living and consumer demand trends in the Bulgarian economy.
Methodology
The data is calculated by Bulgaria's National Statistical Institute based on a survey of household expenditures.
Historical Context
Policymakers and economists closely monitor this indicator to inform monetary, fiscal, and social policies.
Key Facts
- Bulgaria's household consumption price level was 91.67 in 2020.
- Prices rose by 2.8% in 2021 compared to the previous year.
- The indicator uses 2015 as the base year for measurement.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Bulgaria measures the overall level of consumer prices paid by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing the cost of living, household purchasing power, and inflationary pressures in the Bulgarian economy.
Q: How is this data collected or calculated?
A: The data is calculated by Bulgaria's National Statistical Institute based on a comprehensive survey of household expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to inform monetary, fiscal, and social policies aimed at maintaining price stability and supporting household consumption.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Bulgaria (PLCCPPBGA670NRUG), retrieved from FRED.