Price Level of Household Consumption for Brazil
PLCCPPBRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-6.60%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Brazil measures changes in the overall price level of consumer goods and services purchased by Brazilian households. This key economic indicator is closely watched by policymakers and analysts to assess inflation pressures 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 index tracks the price changes of a representative basket of consumer goods and services commonly purchased by Brazilian households. It serves as an important gauge of domestic inflation and a critical input for monetary and fiscal policy decisions.
Methodology
The Brazilian Institute of Geography and Statistics (IBGE) collects the underlying price data through surveys of retailers and service providers across the country.
Historical Context
Economists and government officials use this metric to monitor the health of the Brazilian economy and make informed policy choices.
Key Facts
- The base year for the index is 2010 = 100.
- Brazil's household consumption price index reached a record high in 2022.
- This metric is a key input for the Central Bank of Brazil's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Brazil tracks changes in the overall prices of consumer goods and services purchased by Brazilian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of domestic inflation pressures and consumer purchasing power in Brazil, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Brazilian Institute of Geography and Statistics (IBGE) collects the underlying price data through surveys of retailers and service providers across the country.
Q: How is this trend used in economic policy?
A: Economists and government officials use this metric to monitor the health of the Brazilian economy and make informed monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Price Level of Household Consumption for Brazil data is published monthly with a brief lag, allowing for timely analysis of current economic conditions.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Brazil (PLCCPPBRA670NRUG), retrieved from FRED.