Price Level of Household Consumption for Burundi
PLCCPPBIA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
22.11%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Burundi is an important economic indicator that measures the general price level of goods and services consumed by households in Burundi. It is a key metric for assessing the cost of living and inflation trends 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
The Price Level of Household Consumption for Burundi tracks the average change in prices paid by Burundian households for a basket of consumer goods and services. It serves as a crucial gauge of the purchasing power and standard of living for Burundian consumers, and is closely monitored by policymakers and economists.
Methodology
The data is collected through household surveys and compiled by the Burundi National Institute of Statistics.
Historical Context
This trend is used by the Central Bank of Burundi and other government agencies to inform monetary and fiscal policies aimed at maintaining price stability and promoting economic growth.
Key Facts
- Burundi's price level of household consumption has increased by 50% over the past decade.
- The trend is a key input for the Central Bank of Burundi's inflation targeting policies.
- Household consumption accounts for over 75% of Burundi's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Burundi measures the average change in prices paid by Burundian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of the cost of living and purchasing power for Burundian consumers, and is closely monitored by policymakers and economists to inform economic policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Burundi National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The Central Bank of Burundi and other government agencies use this trend to inform monetary and fiscal policies aimed at maintaining price stability and promoting economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be occasional delays or limitations due to the challenges of data collection in Burundi.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Burundi (PLCCPPBIA670NRUG), retrieved from FRED.