Price Level of Household Consumption for Belize
PLCCPPBZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
48.36%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Belize measures changes in the overall price level of goods and services purchased by Belizean households. It is a key indicator of inflation and consumer purchasing power in the Belizean 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 Belize is an index that tracks the average change in prices paid by Belizean consumers for a representative basket of household goods and services. It is used by economists and policymakers to assess the cost of living and inflationary pressures in the Belizean market.
Methodology
The data is calculated by the Belize Statistical Institute based on a survey of consumer expenditures.
Historical Context
The price level index is monitored by the Central Bank of Belize to help guide monetary and fiscal policy decisions.
Key Facts
- The base year for the price level index is 2015.
- Belize has experienced moderate inflation of around 2-3% annually in recent years.
- Household consumption accounts for over 60% of Belize's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Belize measures changes in the overall prices paid by Belizean households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power in Belize, and is closely monitored by policymakers and economists to assess the state of the Belizean economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Belize Statistical Institute based on a survey of consumer expenditures in the country.
Q: How is this trend used in economic policy?
A: The price level index is used by the Central Bank of Belize to help guide monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The price level data is published on a monthly basis with a typical 1-2 month lag.
Related Trends
Price Level of Exports for Belgium
PLXCPPBEA670NRUG
Price Level of Government Consumption for Peru
PLGCPPPEA670NRUG
Price Level of Imports for Belize
PLMCPPBZA670NRUG
Price Level of the Capital Stock for Kuwait
PLKCPPKWA670NRUG
Price Level of the Capital Stock for Tajikistan
PLKCPPTJA670NRUG
Price Level of Household Consumption for Austria
PLCCPPATA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for Belize (PLCCPPBZA670NRUG), retrieved from FRED.