Price Level of Household Consumption for Bhutan
PLCCPPBTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-2.36%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Bhutan measures the price changes for a basket of consumer goods and services purchased by households in Bhutan. This key economic indicator provides insights into inflation and the overall cost of living 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
This price index tracks the average change in prices paid by Bhutanese consumers for a representative basket of household goods and services. It is a widely used measure of inflation and a crucial data point for policymakers, economists, and market analysts to assess the country's economic conditions.
Methodology
The data is collected through regular surveys of household expenditures and prices by the National Statistical Bureau of Bhutan.
Historical Context
The Price Level of Household Consumption is used to guide monetary and fiscal policies in Bhutan, as well as to inform investment and business decisions.
Key Facts
- The base year for the price index is 2012.
- Bhutan's household consumption accounts for over 60% of its GDP.
- The index is published quarterly by the National Statistical Bureau of Bhutan.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Bhutan measures the average change in prices paid by Bhutanese households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and the overall cost of living in Bhutan, which is essential for policymakers, economists, and businesses to assess the country's economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular household expenditure surveys and price observations by the National Statistical Bureau of Bhutan.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is used by the Bhutanese government to guide monetary and fiscal policies, as well as by businesses and investors to inform their decisions in the Bhutanese market.
Q: Are there update delays or limitations?
A: The index is published quarterly by the National Statistical Bureau of Bhutan, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Bhutan (PLCCPPBTA670NRUG), retrieved from FRED.