Price Level of Household Consumption for Botswana
PLCCPPBWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
26.85%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Botswana measures the cost of consumer goods and services purchased by households in Botswana. This metric is important for tracking inflation and consumer spending patterns in the Botswana 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
The Price Level of Household Consumption for Botswana is an index that tracks the average change over time in the prices paid by Botswana households for a representative basket of consumer goods and services. This data is widely used by economists and policymakers to assess the purchasing power of Botswana consumers and make informed decisions about monetary and fiscal policies.
Methodology
The data is collected through surveys of Botswana households and compiled by the national statistical agency.
Historical Context
This trend is a key input for understanding the overall state of the Botswana economy and consumer market.
Key Facts
- Botswana is a middle-income country in Southern Africa.
- Household consumption accounts for over 50% of Botswana's GDP.
- The price level has risen by over 30% in Botswana since 2010.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Botswana measures the average change in prices paid by Botswana households for consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation, consumer spending power, and overall economic conditions in Botswana.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Botswana households and compiled by the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to inform decisions about monetary policy, fiscal policy, and economic development in Botswana.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions based on updated household survey information.
Related Trends
Price Level of Imports for Norway
PLMCPPNOA670NRUG
Price Level of Government Consumption for Portugal
PLGCPPPTA670NRUG
Price Level of Government Consumption for South Africa
PLGCPPZAA670NRUG
Price Level of Household Consumption for Mauritius
PLCCPPMUA670NRUG
Price Level of Government Consumption for Mauritania
PLGCPPMRA670NRUG
Price Level of Imports for Portugal
PLMCPPPTA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for Botswana (PLCCPPBWA670NRUG), retrieved from FRED.