Price Level of Household Consumption for the Plurinational State of Bolivia
PLCCPPBOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
32.65%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Bolivia measures the level of consumer prices in the country. It is a key indicator for policymakers and economists to assess the state of the Bolivian economy.
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 basket of consumer goods and services typically purchased by Bolivian households. It provides insight into inflation and the purchasing power of the Bolivian currency, which is essential for economic analysis and policy decisions.
Methodology
The data is collected through surveys of Bolivian households and businesses by the National Statistics Institute.
Historical Context
Policymakers and analysts use this index to monitor domestic price trends and inform monetary and fiscal policies.
Key Facts
- The index is published monthly by the Bolivian government.
- Bolivia has experienced moderate inflation in recent years.
- Consumer prices are a key factor in the Bolivian government's economic policies.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Bolivia measures the overall price level of consumer goods and services typically purchased by Bolivian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator for assessing the state of the Bolivian economy, as it provides insight into inflation and the purchasing power of the Bolivian currency.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Bolivian households and businesses by the National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor domestic price trends and inform monetary and fiscal policies in Bolivia.
Q: Are there update delays or limitations?
A: The index is published monthly by the Bolivian government, with no significant update delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for the Plurinational State of Bolivia (PLCCPPBOA670NRUG), retrieved from FRED.